Saurashtra Cement Limited has informed the Exchange regarding Change in Director(s) of the company.
SAURASHCEM · price
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Awaiting price reaction for this filing.
Mr. Jay Mahendra Mehta, promoter and director since 1987, has stepped down as Executive Chairman and will now serve as Non-Executive Chairman of Saurashtra Cement Limited, effective 26 September 2025. He ceases to be a Key Managerial Personnel (KMP) with this change. The move is at his own request, as he wants to focus on personal and professional commitments outside India. He will remain Chairman of the Board without drawing a fixed salary, continuing to offer strategic guidance in a non-executive role. The Board recorded its appreciation for his leadership, and the change was approved on the recommendation of the Nomination and Remuneration Committee.
This is a leadership transition at the promoter level — shareholders retain continuity as Mr. Mehta stays on as Chairman, but the day-to-day executive responsibility will need to be handled by other officials or a yet-to-be-named executive. Markets may watch closely for clarity on who now leads operations and strategy execution.