We hereby submit the details of change in management - Appointment of CEO and KMP.
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Welcast Steels has reported a change at the top of its management. The current CEO, Mr. V. V. R. Mohana Rao, resigned effective close of business on July 31, 2025, citing health reasons. The board, at its meeting on August 6, 2025, approved the appointment of Mr. Gangadurai M. as the new Chief Executive Officer and Key Managerial Personnel, effective the same day. The incoming CEO holds a B.E. in Metallurgy Engineering and an MBA, and brings around 48 years of foundry experience. He was previously General Manager – Operations at AIA Engineering Ltd., Trichy, which is the company's holding company. The board also re-confirmed its CFO and Company Secretary as authorised KMPs for deciding on material disclosures to the stock exchanges.
For shareholders, this is a routine management transition with no governance red flags. The new CEO is being brought in from the parent group (AIA Engineering), which should support operational continuity and group-level coordination. The health-driven exit of the previous CEO and quick succession should help limit any disruption to the business.