StockWatch
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Cement & Cement Products
Management Change24 Aug 2026, 07:31 pm

Saurashtra Cement MD Re-appointment for 1 Year

AI Summary

Saurashtra Cement Ltd announced the re-appointment of Mr. M.S. Gilotra as Managing Director for a further period of one year, from January 1, 2027, to December 31, 2027. This decision was made by the Board of Directors based on the recommendation of the Nomination & Remuneration Committee during their meeting on August 24, 2026. The re-appointment is subject to the approval of the company's shareholders at the upcoming Annual General Meeting (AGM). 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 by any regulatory authority.

Key Highlights

  • Mr. M.S. Gilotra re-appointed as MD for one year.
  • Term effective from January 1, 2027, to December 31, 2027.
  • Re-appointment requires shareholder approval at the ensuing AGM.
  • Mr. Gilotra has extensive experience in the cement industry.
  • No regulatory debarment for Mr. Gilotra from directorship.