Nature of change: Appointment of Chief Executive Officer (CEO) & Managing Director and designation as Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013.
Appointee details: Mr. Amit Arora (DIN: 11746165), aged 43 years
Effective date: 24th August, 2026 (subject to shareholder approval)
Term: 5 years
Profile and qualifications: Currently serving as Plant Head at Vicat Group's Kalaburgi Cement. Over two decades of experience in cement industry with strategic leadership roles across value chain, including Plant Head with ACC Limited. Participated in global leadership, business excellence, technical, and digital transformation programs by Holcim Group. Core expertise includes plant operations, P&L management, supply chain optimization, digital transformation, and sustainable business growth. Holds B.Tech in mechanical engineering and MBA from Indian Institute of Management (IIM) Indore.
Eligibility confirmation: Not debarred from holding office of Director by virtue of any SEBI Order or any other authority. Declaration of non-disqualification provided.
Relationship disclosure: Not related to any of the Directors or Key Managerial Personnel of the Company.
Previous KMP: Appointment fills vacancy caused by resignation of Mr. R. Krishnakumar. No indication of whether succession was planned or interim.
Governance implications: As CEO & Managing Director, Mr. Arora will assume overall financial, operational, and strategic leadership of the company.
Key Financial or Operational Approvals
No financial results, fundraising, acquisitions, capital infusion, business restructuring, or dividend declarations were mentioned in this disclosure.
Strategic or Business Context
The appointment brings extensive cement industry expertise with specific experience in plant operations, digital transformation, and sustainable growth strategies.
Mr. Arora's background includes experience with major industry players (Vicat Group, ACC Limited, Holcim Group) and exposure to global best practices.
Any Other Material Information
Board meeting details: Meeting held on 29th May, 2026, commenced at 12:00 Noon and concluded at 12:20 P.M.
Regulatory compliance: Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
Approval process: Appointment based on recommendation of Nomination and Remuneration Committee and approved by Board of Directors.
Required approvals: Subject to approval of shareholders.
Company representative: Suresh Meher, Sr. V.P. (Legal) & Company Secretary signed the disclosure.
