SAURASHCEMBSESaurashtra Cement LtdHighNegative
Announced Mon, 18 May · 17:00 IST

In compliance with provisions of Regulation 30 of SEBI (LODR) Regulations, 2015 read with Part A of Schedule III of the said Regulations, we would like to inform you about the resignation ....

Kmp ResignedManagement Changes View source PDF

SAURASHCEM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-1.0%1-day move
₹60.10
prior close
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0+1.8+1.5+0.7+0.7-0.2-3.6-2.6-0.6
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AI summary

Saurashtra Cement Ltd has announced the resignation of Mr. Surender Bhatia, who served as Chief Executive Officer of the company's Paints Division and is classified as a Key Managerial Personnel (KMP). He tendered his resignation on 15th May 2026, citing personal reasons. He is currently serving his notice period and his last working day will be 14th August 2026. The company has informed the stock exchanges in compliance with SEBI (LODR) Regulation 30. The notice was signed by Ms. Sonali Sanas, Chief Legal Officer, CS & Strategy.

Likely market impact

The resignation of a KMP-level executive could signal instability in the Paints Division's leadership. Investors should watch for successor appointment announcements, as the departure leaves a senior role vacant for nearly three months.