Mr. Surender Bhatia, Chief Executive Officer - Paints Division and designated Key Managerial Personnel, resigned via letter dated 15th May 2026.
Resignation will be effective from the closure of business hours on 14th August 2026.
The resignation was previously intimated to the exchanges on 18th May 2026.
Reason for cessation: Resignation
Detailed reasons for resignation are provided in the resignation letter enclosed as Annexure B.
Appointment of Ms. Sonali Sanas
Ms. Sonali Sanas appointed as Chief Executive Officer - Paints Division.
Appointment was approved by the Board of Directors at its meeting held on 18th June 2026.
Effective date of appointment: 16th August 2026.
The appointment was previously intimated to the exchanges on 19th June 2026.
Reason for appointment: Replacement due to resignation of existing CEO
Profile of Ms. Sonali Sanas
Seasoned business executive with experience across Cement, Steel, Media, and Family Office sectors.
Previously held senior leadership positions with Ispat-Mittal Group, Hathway Cable & Datacom Limited, and Dainik Bhaskar Group.
Associated with Saurashtra Cement Limited for over 11 years.
Currently serves as Chief Legal Officer and Company Secretary.
For the past year, has also been serving as Chief Human Resource Officer.
Qualifications: Qualified Company Secretary, law graduate, postgraduate degree in Financial Management.
Executive education: Advanced Management Program from The Wharton School, University of Pennsylvania; General Management Program from IIM Raipur; CHRO Program from Indian School of Business (ISB).
Total experience: Over 26 years of diverse leadership experience.
Resignation Letter Details (Annexure B)
Submitted by Mr. Surender Bhatia on 15th May 2026 to Mr. M. S. Gilotra, Managing Director.
Three months' notice period effective from 15th May 2026 to 15th August 2026.
Proposed resignation effective from 15th August 2026.
Commitment to work during notice period and ensure smooth transition.
