Saurashtra Cement Limited has informed the Exchange regarding Resignation of Mr Surender Bhatia, CEO-Paints Division as Other of the company w.e.f. August 14, 2026.
SAURASHCEM · price
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Saurashtra Cement Limited has announced the resignation of Mr. Surender Bhatia, who served as Chief Executive Officer of the Paints Division and was classified as a Key Management Personnel (KMP). He submitted his resignation on 15th May 2026, citing personal reasons. He is currently serving his notice period as per employment terms, with his last working day set for 14th August 2026. The company has intimated the stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation was communicated by the Chief Legal Officer, CS & Strategy.
The departure of a division CEO and KMP may raise concerns among investors about leadership stability in the paints division, especially with the extended notice period. However, since it's a division-level role and attributed to personal reasons, the market impact is likely to be limited unless a replacement is not appointed promptly.