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Awaiting price reaction for this filing.
Andrew Yule & Company has informed the exchange that Shri B. Muralitharan, Executive Director heading the Engineering Division, has retired from service upon superannuation effective 1st April, 2025. To ensure continuity, Shri Amit Dutta has been re-designated as Deputy General Manager (Operations & BD), Engineering Division, and will oversee the division's operations going forward. Amit Dutta is an internal appointee with over 24 years of experience in water/waste-water treatment and mining/ferrous industries, holding a B.Tech in Chemical Engineering and an MBA in Marketing. The change is part of a planned succession triggered by retirement rather than any performance or governance issue.
This is a routine leadership transition with no disruption expected — an internal candidate has been re-designated to take over the Engineering Division, suggesting operational continuity. Shareholders are unlikely to see any material impact on the stock from this announcement.