ITD Cementation India Limited has informed the Exchange regarding Appointment of Mr Manoj Kumar Kohli as Independent Director of the company w.e.f. Jun 20, 2025.
CEMPRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of ITD Cementation India Limited, at its meeting on June 20, 2025, appointed two new independent directors — Mr. Manoj Kumar Kohli (former Bharti Airtel CEO and SoftBank India head) and Mrs. Sangeeta Bhatia (36-year veteran of NTPC's finance division) — each for a 3-year term, subject to shareholder approval. In the same meeting, two existing independent directors — Mr. Sunil Shah Singh and Mrs. Jana Chatra — resigned from the board. The resignations were triggered by a change in ownership and control: Italian Thai Development PCL, the existing promoter, sold its entire shareholding in ITD Cementation to Renew Exim DMCC, which belongs to the Adani Group. As a result, Mr. Singh also stepped down as Chairman of the Audit Committee and Nomination & Remuneration Committee.
This filing confirms the Adani Group's formal takeover of ITD Cementation India Limited as the new promoter, triggering a routine but significant board reshuffle. For shareholders, the entry of high-profile independent directors with telecom, infrastructure, and finance expertise signals strengthening of corporate governance, while the new ownership may bring strategic shifts in the company's direction going forward.