Consolidated Construction Consortium Limited has informed the Exchange about change in Management
CCCL · price
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CCCL's board, at its meeting on April 28, 2026, approved three key management changes. Promoter R Sarabeswar was re-appointed as Whole-Time Director (Chairman) for 5 years from July 1, 2026 to June 30, 2031. Promoter S Sivaramakrishnan was re-appointed as Whole-Time Director (Vice Chairman) for the same 5-year term. Additionally, S Subramanian was appointed as the new Managing Director & CEO for 5 years effective April 28, 2026, bringing over 30 years of infrastructure experience from L&T and Kalpataru Projects. All appointments are subject to shareholder approval.
The new MD-CEO brings seasoned external leadership from large infrastructure players, while re-appointing both promoters signals continuity at the top. For shareholders, this is a mix of stability and fresh execution focus, though the new MD's appointment is still subject to shareholder nod.