Intimation under Reg 30 for change in management
Awaiting price reaction for this filing.
Burnpur Cement Ltd has informed exchanges that UV Asset Reconstruction Company Limited (ARC), which has taken over the company's management under the SARFAESI Act, has re-appointed Mrs. Rashmi Goyal (DIN 11328450) as an Independent Director on the board for a period of 5 years effective 9 October 2025. She was earlier brought on board as an additional director on 9 October 2025 itself. Mrs. Goyal is a Practicing Chartered Accountant based in Delhi with 13 years of experience in finance and taxation, and was previously with PepsiCo India Holdings. She is not related to any existing director, KMP, or promoter of the company and is not debarred by SEBI from holding a director position. The re-appointment signals formalisation of the ARC-led board restructuring at the company.
The re-appointment formalises board continuity under the new ARC-controlled management, providing stability for stakeholders. For shareholders, this reinforces that UV ARC is actively shaping the board after its takeover, though the underlying debt-driven management change continues to weigh on the company's operating outlook.