In compliance with Regulation 30 read with Schedule III, Part A, Para A (7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ), as amended, we hereby inform you that the Board of Directors of the Company on the recommendation of Nomination and Remuneration Committee and Audit and Compliance Committee at its meeting held today i.e. 4th September, 2025 has approved the appointment of Mr. Prakash Chand Jain as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company with effect from 5th September, 2025. The details on the above as required under the SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024 (updated as on 31st December 2024) is enclosed as Annexure A.
SAURASHCEM · price
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On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250 and 2.9 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Saurashtra Cement Limited has informed the stock exchanges that its Board of Directors, based on the recommendation of the Nomination and Remuneration Committee and the Audit and Compliance Committee, approved the appointment of Mr. Prakash Chand Jain as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company. The appointment was made at the Board meeting held on 4th September 2025 and will take effect from 5th September 2025. The disclosure is being made in compliance with SEBI Listing Regulations, and the required details have been enclosed as Annexure A.
This is a routine corporate governance update. The appointment of a new CFO brings fresh financial leadership to the company, which may be viewed as a positive governance signal by investors, though the stock impact is expected to be neutral.