Board appoints new Whole-Time Directors; one WTD resigns

Kmp ResignedManagement Changes View source PDF

CEIGALL · price

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AI summary

Ceigall India board approved key leadership changes effective July 2026. Current CEO Ayyalusamy Saravanan appointed as Whole-Time Director and CEO for 2 years. Dr. Pawan Kumar appointed as Whole-Time Director for 2 years. Dr. Sudhir Rao Hoshing resigned as Whole-Time Director effective July 15 due to family commitment and personal exigencies. Both new appointees are infrastructure veterans with around 33 years of experience in EPC highways and construction. Appointments subject to shareholder approval at the upcoming AGM.

Likely market impact

Leadership reshuffle with two seasoned infrastructure professionals joining the board. One WTD exits for personal reasons. No governance flags raised.