Management Change24 Aug 2026, 07:20 pm
Saurashtra Cement considers re-appointment of MD M.S. Gilotra
AI Summary
Saurashtra Cement Ltd's Board of Directors, in a meeting held on August 24, 2026, considered the re-appointment of Mr. M.S. Gilotra as Managing Director. The proposed reappointment is for a further period of one year, from January 1, 2027, to December 31, 2027, subject to shareholder approval at the upcoming Annual General Meeting. Mr. Gilotra, aged 76, is a seasoned professional with over four decades of experience in the cement industry and has been associated with the company since 1995. He is not debarred from holding a director's office. The board meeting commenced at 6:30 PM and concluded at 7:00 PM.
Key Highlights
- Board considered re-appointment of Mr. M.S. Gilotra as Managing Director.
- Re-appointment is for one year, from Jan 1, 2027, to Dec 31, 2027.
- Subject to shareholder approval at the ensuing AGM.
- Mr. Gilotra has over four decades of experience in the cement industry.
- He is not related to any Director or Promoter of the Company.
Price Impact
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