ICSANSEICSA (India) Limited· ConstructionMediumNeutral
Announced Sat, 2 May · 13:24 IST

ICSA (India) Limited has informed the Exchange regarding Appointment of MALLOUR RAJESH KUMAR as Non- Executive Director of the company w.e.f. May 02, 2026.

Management Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

ICSA (India) Limited's Board meeting on May 2, 2026 approved two key appointments: Mr. Venkateswar Nellutla as Managing Director for 5 years (DIN: 09261084), and Mr. Mallour Rajesh Kumar as Non-Executive and Non-Independent Director for 5 years (DIN: 08125774). Both appointments are subject to shareholder approval. Mr. Nellutla is described as a senior business leader with 27 years of experience in operations and strategic planning. The Board also authorized these directors to initiate processes for appointing Independent Directors and KMP (Key Managerial Personnel), and to consider new Statutory and Secretarial Auditors. Notably, the profile details for Mr. Mallour Rajesh Kumar appear to contain an error, describing Dr. Srujana S, a gynecologist, instead of the director's background.

Likely market impact

The appointment of a new Managing Director signals leadership strengthening for the company. The authorization to appoint Independent Directors and KMP suggests potential upcoming changes in key personnel. Shareholders should note these are pending their approval at the next general meeting.