StockWatch
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Plywood Boards/ Laminates
Management Change28 Oct 2026, 06:21 pm

Ecoboard Industries: CEO Resigns, New CEO Appointed, Division Suspended

AI Summary

Ecoboard Industries Limited announced significant changes in its executive management and operations following a Board of Directors meeting on October 28, 2026. Mr. Rama Krishna Raju Gottumukkala resigned as CEO but will continue as Managing Director and Board member. Mr. Venkatraman Krishnamurthi has been appointed as the new CEO. Additionally, the company approved a one-year temporary suspension of its Particle Board Build Division ('Eco Build') due to raw material non-availability and project non-viability. Resources will be reallocated to expand the Energy Division ('Eco Energy').

Key Highlights

  • CEO Mr. Rama Krishna Raju Gottumukkala resigns, continues as MD.
  • Mr. Venkatraman Krishnamurthi appointed as new CEO.
  • Particle Board Build Division ('Eco Build') operations suspended for one year.
  • Focus to shift towards expansion of Energy Division ('Eco Energy').
  • Management changes and operational adjustments to support growth.