Century Extrusions Limited has informed the Exchange about General Updates
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Century Extrusions Limited announced that Mr. Vikram Jhunjhunwala has resigned as Chairman and Managing Director effective June 2, 2025, as part of succession planning. In his place, Shri Shivanshu Jhunjhunwala (son of Vikram) has been appointed as the new Chairman and Managing Director for a 3-year term effective June 3, 2025. Shivanshu, aged 32, holds a B.Tech in Mechanical Engineering and a Master's in Engineering Management from Duke University, and already holds around 31.93 lakh equity shares in the company. The board also reconstituted the Audit, Nomination & Remuneration, Stakeholders Relationship, and CSR Committees, and approved the notice for the 37th AGM to be held on August 8, 2025.
This is a smooth family succession at the top — the founder-promoter's son takes over as Chairman & MD, which provides continuity but also concentrates leadership within the promoter family. Shareholders may view this as positive stability given the planned transition, though the company's future direction will now depend on the new leader's execution.