Intimation of change in Senior Managerial Personnel of the Company as approved in the Board Meeting dated 28th April 2025.
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Shiva Cement Ltd announced a change in its senior managerial personnel effective 28th April 2025, following a board meeting. Mr. Prasant Pradhan ceased to be a Senior Managerial Personnel due to an internal transfer. In his place, Mr. Ratan Kumar Das was appointed as Senior Managerial Personnel on the same date. Mr. Das brings over 30 years of experience in Finance, Accounts, Audit, Taxation, and Commercial functions across industries like Cement, Refractory, Power, Mining, and Fertilizer. He was previously associated with JSW Cement Limited. The changes were approved on the recommendation of the Nomination and Remuneration Committee.
This is a routine internal personnel reshuffle with no negative governance implications. The replacement brings deep finance and commercial experience from a related cement industry background, which may be viewed positively by investors. Minimal direct impact on the stock price is expected.