Century Extrusions Limited has informed the Exchange regarding Board meeting held on Jun 03, 2025.
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Century Extrusions announced a top leadership change. Mr. Vikram Jhunjhunwala resigned as Chairman and Managing Director effective June 2, 2025, citing succession planning. The Board appointed Shri Shivanshu Jhunjhunwala (son of Vikram) as Additional Executive Director and simultaneously as the new Chairman and Managing Director for a 3-year term from June 3, 2025 to June 2, 2028, subject to shareholder approval. The new CMD holds 31,92,833 equity shares in the company and has prior experience at Sapa Extrusions, USA. The Board also approved the revised notice for the 37th AGM scheduled for August 8, 2025, and reconstituted the Audit, Nomination & Remuneration, Stakeholders Relationship, and CSR committees.
This is a planned family succession at the top — Vikram Jhunjhunwala is stepping down and his son Shivanshu is taking over as CMD. Shareholders should watch for the AGM vote on his appointment and his proposed remuneration, as this determines the cost to the company and continuity of promoter control.