
Management Change29 Jun 2026, 12:09 pm
Ceigall India Appoints Ayyalusamy Saravanan as Whole-Time Director & CEO
AI Summary
Ceigall India Ltd announced the appointment of Mr. Ayyalusamy Saravanan as an Additional Director and Whole-Time Director, designated as Whole-Time Director & CEO, effective July 1, 2026. This appointment is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Saravanan, currently the CEO, brings nearly 33 years of experience in the infrastructure sector, particularly in EPC Highways Projects. The board also accepted the resignation of Dr. Sudhir Rao Hoshing as Whole-Time Director, effective July 15, 2026. Both appointments and the resignation are in compliance with SEBI Listing Regulations.
Key Highlights
- Mr. Ayyalusamy Saravanan appointed Whole-Time Director & CEO.
- Appointment effective July 1, 2026, pending shareholder approval.
- Dr. Sudhir Rao Hoshing resigns as Whole-Time Director.
- Resignation effective July 15, 2026.
- Mr. Saravanan has 33 years of infrastructure sector experience.
Price Impact
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