Change in Director / Key Managerial Personnel

Nature of change: Appointment of new Execution Unit Head and cessation of interim head role.

Appointment Details:

  • Mr. Ajay Jain appointed as Execution Unit Head (Grid Technologies - Transformers)
  • Effective date: October 5, 2026
  • Full-time employment position
  • DIN number: Not disclosed in the document

Brief profile and qualifications:

  • Seasoned business and operations leader with over 30 years of experience
  • Specializes in large-scale manufacturing, business operations and P&L leadership within Power Transformers industry
  • Previously associated with CG Power and Industrial Solutions Limited for over 3 years as Vice President – Transformer Business
  • Led multi-plant Transformers business with full P&L responsibility at CG Power
  • Held senior leadership roles at Hitachi Energy India and GE T&D India
  • Responsibilities included profitability, customer satisfaction, market share and operational excellence
  • Educational qualification: Bachelor of Engineering degree in Electrical and Power Systems from Punjabi University, Patiala

Cessation Details:

  • Mr. Ganesh Nadgouda ceased as interim Execution Unit Head (Grid Technologies - Transformers)
  • Effective date: Close of business hours on October 4, 2026
  • No longer part of Senior Management of the Company
  • Continues in role as General Manager - Plant Operations (Grid Technologies - Transformers)

Confirmation of eligibility: The disclosure states the information is provided pursuant to Regulation 30 and other applicable regulations of the SEBI Listing Regulations read with relevant SEBI circular(s), implying compliance with regulatory norms.

Key Financial or Operational Approvals

No financial or operational approvals were disclosed in this filing. The document solely addresses management personnel changes.

Strategic or Business Context

No strategic or business context, outlook, or operational commentary was provided in this management change disclosure.

Any Other Material Information

  • The disclosure references earlier intimation dated March 27, 2026 regarding senior management changes
  • Filed with BSE Limited and National Stock Exchange of India Limited
  • Company registered office: Birla Aurora, Level 21, Plot No. 1080, Dr. Annie Besant Road, Worli, Mumbai – 400030
  • Corporate Identity Number: L28110MH2024PLC418770