The Board of directors vide its meeting dated 28.07.2025 appointed Mr. Venkanna Konda (DIN: 05119181) as the Managing Director of the company.
Awaiting price reaction for this filing.
Raasi Refractories Ltd has appointed Mr. Venkanna Konda (DIN: 05119181) as the Managing Director of the company, effective from 28th July 2025. The appointment is for a period of 5 years and is subject to shareholder approval at the next Annual General Meeting. The decision was taken at a Board meeting held on 28.07.2025 based on recommendations of the Nomination & Remuneration Committee. Mr. Konda is not related to any existing directors on the board and is not debarred by SEBI from holding this position. He is responsible for business strategy, expansion, and overall management of the company.
The appointment brings in a Managing Director focused on business expansion and strategic implementation, which could signal a new growth phase for the company. Shareholders will have the final say on this appointment at the upcoming AGM.