SAURASHCEMNSESaurashtra Cement LimitedMediumNeutral
Announced Thu, 23 Apr · 19:39 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
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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 tendered his resignation as Chairman Emeritus (Non-Executive Non-Independent Director) of Saurashtra Cement Limited, effective 23 April 2026. The resignation has been submitted citing ageing and health issues as the reason. In his letter to the board, Mehta confirmed there are no other material reasons behind his departure beyond health concerns. The filing indicates this is a personal decision rather than any governance or compliance-related issue. Mehta holds DIN00632865.

Likely market impact

This resignation removes a senior board member with an honorary title. Since the director is non-executive and non-independent, and the reason cited is personal health with no material concerns flagged, the impact on shareholders is expected to be minimal in the short term.