ITD Cementation India Limited has informed the Exchange regarding Change in Director(s) of the company.
CEMPRO · price
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ITD Cementation India announced two independent director resignations and two new independent director appointments at a board meeting on June 20, 2025. Mr. Sunil Shah Singh and Mrs. Jana Chatra stepped down as independent directors following the sale of the entire promoter shareholding by Italian Thai Development Public Company Limited to Renew Exim DMCC (Adani Group), which triggered a change of ownership and control. To fill the vacancies, Mr. Manoj Kumar Kohli (former CEO/MD of Bharti Airtel and ex-SoftBank India head) and Mrs. Sangeeta Bhatia (36-year veteran of NTPC's finance division) were appointed as additional non-executive independent directors for a 3-year term, subject to shareholder approval.
This is a board restructuring tied to the Adani Group's takeover as the new promoter, so it reflects ownership transition rather than any governance concern. The incoming directors bring heavyweight telecom and finance credentials, which could signal strategic direction under new ownership — shareholders should watch for follow-up announcements on management or strategy changes from the new promoter.