BSESri Chakra Cement LtdMediumNeutral
Announced Sat, 23 May · 11:20 IST

Appointment of Sri Vijayulu Reddy kaliki as Independent Director for second tenure of five years subject to approval of members

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹50.39
prior close
₹52.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3-2.4-2.4-2.4-0.8+0.2+1.7+3.2+0.0+1.2-10.7-16.0-35.5
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AI summary

Sri Chakra Cement Ltd has announced the re-appointment of Sri K Vijayulu Reddy Kaliki as an Independent Director for a second term of five years, effective 9th November 2026. The Board, based on the recommendation of the Nomination and Remuneration Committee, has approved this re-appointment, which is now subject to shareholder approval at the upcoming Annual General Meeting. Kaliki is a qualified Chartered Accountant with approximately 40 years of professional experience. The company has stated the re-appointment is intended to strengthen the Board. No relationships between directors have been disclosed.

Likely market impact

This is a routine corporate governance update confirming continuity of an experienced independent director on the board. The re-appointment for a second term is standard practice and unlikely to have any material impact on the stock in the near term.