Announced Wed, 28 Oct, 2026 · 18:14 IST
New CEO appointed; Eco Build production suspended for one year
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
On October 28, 2026, Rama Krishna Raju Gottumukkal resigned as CEO but will remain Managing Director and board member. Venkatraman Krishnamurthi was appointed CEO. The board also suspended Particle Board Build production for one year due to losses, raw material shortages and poor viability. Eco Build's FY2025-26 turnover was 1533.17 lakh, 64.14% of company turnover, with net worth of 914.31 lakh. Resources will shift to Eco Energy.
Likely market impact
Eco Build's suspension may hit revenue but could reduce losses and free funds for Eco Energy. The CEO change supports execution and continuity.