The Shareholders vide its Meeting dated 30.09.2025 appointed Mr. Venkanna Konda (DIN:05119181) as the Managing Director of the Company.
Awaiting price reaction for this filing.
Raasi Refractories Ltd has informed BSE that shareholders approved the appointment of Mr. Venkanna Konda (DIN: 05119181) as the Managing Director at the Annual General Meeting held on 30.09.2025. The Board of Directors had originally appointed him on 28.07.2024 for a 5-year term, and the shareholder approval was based on the recommendation of the Nomination and Remuneration Committee. Mr. Konda is responsible for business strategy, expansion, and overall management of the company, and is not related to any existing directors. The company has confirmed he is not debarred from holding the position by SEBI or any other authority.
This is a routine governance disclosure formalising shareholder approval for an MD appointment already made by the Board in July 2024. No immediate material impact on shareholders is expected, as leadership continuity appears maintained.