Century Extrusions Limited has informed the Exchange regarding Resignation of Mr. Vikram Jhunjhunwala as Chairman & Managing Director of the company w.e.f. Jun 02, 2025.
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Mr. Vikram Jhunjhunwala (DIN: 00169833) has resigned from the position of Chairman and Managing Director of Century Extrusions Limited with effect from June 2, 2025. The resignation is part of the company's succession planning, and Mr. Jhunjhunwala has cited attaining the age of 60 years as a factor behind his inability to dedicate the required time to the business. He has confirmed there are no other material reasons for stepping down beyond what is mentioned in his letter. The company has not yet announced a successor in this filing.
This is a planned leadership transition as part of succession planning, which may be viewed neutrally. However, the immediate absence of a clear successor announcement could create short-term uncertainty for shareholders regarding the company's leadership direction.