Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (LODR) Regulations,2015, we wish to inform you that the Board of Directors of Saurashtra Cement Limited, at itsmeeting held today, ic. 26th September 2025, on the recommendation of the Nominationand Remuneration Committee, has approved the change in designation of Mr. Jay MahendraMehta (DIN: 00152072) from Executive Chairman to Non-Executive Chairman, effective26th September 2025.
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Saurashtra Cement Limited's Board has approved a change in designation for promoter Mr. Jay Mahendra Mehta (DIN: 00152072) from Executive Chairman to Non-Executive Chairman, effective 26th September 2025. The move was made on the recommendation of the Nomination and Remuneration Committee and at Mr. Mehta's own request, as he wishes to focus on personal and professional commitments outside India. He will continue as Chairman of the Board in a non-executive capacity without drawing any fixed salary, and ceases to be a Key Managerial Personnel (KMP). Mr. Mehta, son of Non-Executive Director Mr. Mahendra N. Mehta, has over three decades of experience in the cement industry and has been on the Board since 1987.
This is a governance transition with no disruption to board composition — Mr. Mehta remains Chairman and provides strategic guidance, but the company loses a full-time executive promoter leader, which may raise minor questions about day-to-day operational leadership. For shareholders, the change signals the promoter's intent to step back from active management, potentially paving the way for a new executive leadership structure in the future.