ACC Limited — Others, 28-03-2025: Change in Management

ACC Limited has announced a board meeting outcome detailing significant leadership changes. Mr. Ajay Kapur will resign as Whole Time Director & CEO effective March 31, 2025, to take on a role at Ambuja Cements. He will be succeeded by Mr. Vinod Bahety, currently CFO, who will step into the CEO position from April 1, 2025. Mr. Rakesh Tiwary will become the new CFO from the same date. Additionally, there are changes in senior management, with new appointments for the Chief Digital Officer and Head of Manufacturing.

These leadership transitions are part of the Adani Group's strategic direction to ensure sustainable growth and leadership development. Investors may view this shift with a positive outlook as it aligns with the company's growth strategy, although it does carry inherent risks associated with management changes.