Change in Director / Key Managerial Personnel

  • Nature of Change: Reappointment of two directors approved by shareholders at 68th Annual General Meeting held on 23rd September 2026
  • Mr. Hemang Dhirendra Mehta (DIN: 00146580):
  • Reappointed as Non-Executive, Non-Independent Director
  • Liability: Retires by rotation
  • Effective date: 23rd September 2026
  • Expertise: Corporate and operational management in cement industry, plastics and packaging industry
  • Experience: Worked in India, Kenya, Canada and U.S.A.
  • Mr. M. S. Gilotra (DIN: 00152190):
  • Reappointed as Managing Director
  • Term: 1st January 2027 to 31st December 2027 (1 year)
  • Age: 76 years
  • Education: Mechanical Engineering graduate from BITS Pilani
  • Experience: Over four decades in cement industry, including 21 years with Associated Cement Companies Ltd. (ACC) in various senior leadership roles
  • Specialization: Cement plant operations, project feasibility, execution and management
  • Board association: With company since June 1995
  • Current role: Managing Director overseeing day-to-day operations and providing strategic and operational leadership
  • Previous term: Reappointed as Managing Director for three years from 1st January 2024 to 31st December 2026, approved at AGM held on 17th August 2023
  • Regulatory Compliance:
  • Confirmation that neither director is debarred from holding office by virtue of any order of SEBI or any other regulatory authority
  • Compliance with NSE Circular No. NSE/CML/2018/24 dated June 20, 2018 and BSE LIST/COMP/14/2018-19 dated June 20, 2018
  • Disclosure made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated 30th January 2026
  • Voting Process:
  • Resolutions put to vote and passed with requisite majority
  • Voting results and Scrutinizer's Report to be submitted separately pursuant to Regulation 44(3) of SEBI Listing Regulations
  • Relationships: Not applicable disclosure of relationships between directors