Indo Farm Equipment Limited has informed the Exchange regarding Appointment of Mr. Prashant Ashokrao Suryawanshi as Vice President of the company w.e.f. May 20, 2025.
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Indo Farm Equipment Limited has appointed Mr. Prashant Ashokrao Suryawanshi as its Senior Vice President (Senior Management Personnel) effective May 20, 2025. The appointment was approved by the Board of Directors via a circular resolution, based on the recommendation of the Nomination & Remuneration Committee. Mr. Suryawanshi brings over 30 years of experience across construction, road and infrastructure equipment, process equipment, machine building, and automobiles. He was most recently the Managing Director at Potain India Private Limited (Manitowoc Cranes), where he led a business turnaround and restored market leadership in tower cranes. He holds an MBA in Sales & Marketing and a BE in Mechanical Engineering, and is not related to any existing Director on the company's board.
This is a senior management-level (KMP) hire bringing deep industry and turnaround experience to the leadership team. For shareholders, it signals strengthening of the company's top operational bench, though it is a routine disclosure and unlikely to move the stock price on its own.