SAURASHCEMNSESaurashtra Cement LimitedMediumNeutral
Announced Thu, 23 Apr · 20:02 IST

Saurashtra Cement Limited has informed the Exchange about Resignation of Director/KMP/SMP

Management 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
+0.3%1-day move
₹61.80
prior close
₹63.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.9-0.7-2.3+0.3-1.9-1.3-1.5-3.2-0.7-2.8-2.1-4.3-8.2
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AI summary

Mr. Mahendra Nanjibhai Mehta has resigned as Chairman Emeritus and Non-Executive Non-Independent Director of Saurashtra Cement Limited, effective 23rd April 2026. The resignation comes due to ageing and health issues. The director, who holds DIN 00632865 and is associated with Sugar Corporation Uganda Limited, has confirmed no other material reasons behind his departure. The company has filed this intimation under the SEBI LODR regulations for resignation of director/KMP/SMP/Compliance Officer.

Likely market impact

The departure of a senior founding family member from the board may raise concerns about governance continuity, though the stated personal reasons suggest a planned transition rather than a dispute.