StockWatch
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Plywood Boards/ Laminates
Management Change28 Oct 2026, 06:20 pm

Ecoboard Industries CEO Resigns, MD Continues; Particle Board Division Suspended

AI Summary

Ecoboard Industries Limited announced significant management and operational changes following a Board of Directors meeting on October 28, 2026. Mr. Rama Krishna Raju Gottumukkala has resigned as CEO but will continue as Managing Director and a Board member. Mr. Venkatraman Krishnamurthi has been appointed as the new CEO. Concurrently, the company will temporarily suspend operations of its Particle Board Build Division ('Eco Build') for one year due to raw material unavailability and project non-viability. Resources will be reallocated to expand the Energy Division ('Eco Energy'), focusing on ETP and CBG plant activities. The company aims to strengthen its executive management and operational efficiency.

Key Highlights

  • CEO resigns but continues as Managing Director.
  • New CEO, Mr. Venkatraman Krishnamurthi, appointed.
  • Particle Board Division operations suspended for one year.
  • Focus shifts to expanding the Energy Division.
  • Management restructuring to enhance operational efficiency.