ACC Limited — Others, 28-03-2025: Cessation

ACC Limited has announced a board meeting outcome revealing a leadership transition. Mr. Ajay Kapur will cease as Whole Time Director & CEO effective March 31, 2025, as he takes on a new role as Managing Director at Ambuja Cements. Mr. Vinod Bahety will replace him as CEO and Whole Time Director starting April 1, 2025. Additionally, Mr. Rakesh Tiwary has been appointed as CFO, while Ms. Madhavi Isanaka and Mr. Vaibhav Dixit join as Senior Management Personnel in digital and manufacturing roles respectively.

This leadership shift aims to bolster strategic growth within the Adani Group, potentially enhancing operational efficiency. Investors might view this development positively as it reflects proactive management changes aimed at sustaining corporate growth and adaptability in a competitive environment.