Century Extrusions Limited has informed the Exchange regarding Change in Director(s) of the company.
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Century Extrusions Limited announced that Mr. Vikram Jhunjhunwala resigned from the position of Chairman and Managing Director with effect from 02.06.2025, citing succession planning. In his place, the Board appointed Shri Shivanshu Jhunjhunwala (DIN 05252910) as an Additional Executive Director and then as Chairman & Managing Director for a 3-year term (03.06.2025 to 02.06.2028), subject to shareholder approval. Shivanshu, aged 32, holds a B.Tech in Mechanical Engineering and a Masters in Engineering Management from Duke University, and already holds 31,92,833 equity shares in the company. The Board also approved the revised notice for the 37th AGM scheduled on 08 August 2025 and reconstituted the Audit, Nomination & Remuneration, Stakeholders Relationship, and CSR Committees.
This is a family-led leadership succession at the top, with the outgoing CMD's son taking over as Chairman & MD. Shareholders will vote on the appointment at the 08 August 2025 AGM. Investors should watch for the new management's strategic direction and the disclosure of his remuneration at the AGM.