Ceigall India Limited has informed the Exchange regarding Outcome of Board Meeting held on August 29, 2025, regarding appointment of Dr. Sudhir Rao Hoshing (DIN: 02460530) as an Additional Director/Whole Time Director (Designated as an Executive Vice-Chairman) on the Board of the Company with effect from September 01, 2025 subject to the approval of the shareholders of the Company.

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AI summary

Ceigall India Limited's board, at its meeting on August 29, 2025, approved the appointment of Dr. Sudhir Rao Hoshing as an Additional Director and Whole Time Director, designated as Executive Vice-Chairman, effective September 1, 2025. The appointment is for a 3-year term (till August 31, 2028) and is subject to shareholder approval. Dr. Hoshing, aged 61, brings nearly 40 years of infrastructure sector experience, having previously served as CEO and Joint Managing Director of IRB Infrastructure Developers and CEO of Reliance Infrastructure's road business. He has held senior leadership roles at GMR Group, Punj Lloyd, and Oriental Structures, and holds a Ph.D. in Road, Highways & Infrastructure Management. He is not related to any existing director and is not debarred by SEBI from holding a directorship.

Likely market impact

This is a positive governance and leadership move, bringing a highly experienced infrastructure veteran into a senior executive role. The appointment may strengthen Ceigall's strategic direction in highways and infrastructure execution, potentially boosting investor confidence, though it still requires shareholder approval.