Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015
Awaiting price reaction for this filing.
Coromandel International Limited has appointed Mr. Natarajan Srinivasan (DIN 00123338) as an Additional Director effective April 30, 2025, and as Whole-time Director designated as Executive Vice Chairman for the period April 30, 2025 to September 30, 2027, subject to shareholder approval. Mr. Srinivasan, aged 67, is a chartered accountant and company secretary with over 35 years of corporate experience across finance, legal, operations, and general management. He previously served as Managing Director and CEO of CG Power and Industrial Solutions Ltd, where he led a successful turnaround, and held senior roles across the Murugappa Group from 2004 to 2024. The company has confirmed he is not debarred from holding a directorship by any SEBI order or other authority.
A high-profile senior leadership appointment bringing in a seasoned turnaround specialist from the promoter group (Murugappa) ecosystem, which is likely to be viewed positively by shareholders as a signal of strategic continuity and strong governance. The appointment remains subject to shareholder approval at the next general meeting.