Cessation of Key Managerial Personnel

  • Mr. Surender Bhatia, Chief Executive Officer - Paints Division and designated Key Managerial Personnel, has resigned.
  • Resignation letter dated: 15 May 2026
  • Resignation effective from: Closure of business hours on 14 August 2026
  • Initial intimation date: 18 May 2026
  • Reason for cessation: Resignation (detailed reasons provided in Annexure B resignation letter)

Appointment of New Chief Executive Officer

  • Ms. Sonali Sanas appointed as Chief Executive Officer - Paints Division
  • Appointment effective from: 16 August 2026
  • Board approval date: Meeting held on 18 June 2026
  • Initial intimation date: 19 June 2026
  • Reason for appointment: Replacement due to resignation of existing CEO

Profile of New Appointee - Ms. Sonali Sanas

  • Current positions: Chief Legal Officer, Company Secretary, and Chief Human Resource Officer of Saurashtra Cement Limited
  • Tenure with company: Over 11 years of association
  • Professional background: Seasoned business executive with 26 years of diverse leadership experience
  • Previous organizations: Ispat-Mittal Group, Hathway Cable & Datacom Limited, Dainik Bhaskar Group
  • Sector experience: Cement, Steel, Media, and Family Office sectors

Educational Qualifications and Certifications

  • Qualified Company Secretary
  • Law graduate
  • Postgraduate degree in Financial Management
  • Advanced Management Program from The Wharton School, University of Pennsylvania, USA
  • General Management Program from IIM Raipur
  • CHRO Program from the Indian School of Business (ISB)