StockWatch
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Cement & Cement Products
Management Change24 Aug 2026, 07:40 pm

Saurashtra Cement MD Re-appointment Considered for One Year

AI Summary

Saurashtra Cement Ltd's Board of Directors, based on the Nomination & Remuneration Committee's recommendation, has considered the re-appointment of Mr. M. S. Gilotra as Managing Director. The proposed term is for one year, from January 1, 2027, to December 31, 2027. This re-appointment is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Gilotra, aged 76, has extensive experience in the cement industry and has been associated with the company since 1995. He is not debarred from holding directorships by any regulatory authority.

Key Highlights

  • Mr. M. S. Gilotra's re-appointment as MD considered for one year.
  • Term proposed from January 1, 2027, to December 31, 2027.
  • Re-appointment requires shareholder approval at the 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.