ICSA (India) Limited has informed the Exchange regarding Appointment of VENKATESWAR NELLUTLA as Managing Director of the company w.e.f. May 02, 2026.
Awaiting price reaction for this filing.
ICSA (India) Limited's Board of Directors met on May 2, 2026 and approved two key appointments. Mr. Venkateswar Nellutla (DIN: 09261084) was appointed as Managing Director for 5 years, subject to shareholder approval. He is described as a senior business leader with over 27 years of experience in delivery management, operations, and strategic planning. Additionally, Mr. Mallour Rajesh Kumar (DIN: 08125774) was appointed as Non-Executive Non-Independent Director for 5 years. The Board also authorized reconstitution of the Board and appointment of new Independent Directors, KMPs, Statutory Auditors, and Secretarial Auditors.
The appointment of a new Managing Director represents a significant leadership change at the CEO level. Shareholders should note this is effective May 2026, and both appointments are subject to shareholder approval. The Board is also being reconstituted with new auditor appointments likely following.