ITD Cementation India Limited — Others, 29-05-2025: Change in Management

ITD Cementation India Limited has announced a board meeting outcome featuring significant leadership changes tied to its takeover by Renew Exim DMCC (Adani Group). Dr. Malay Mahadevia is appointed Chairman and Non-Executive Director, while Mr. Kattunga Srinivasa Rao joins as Additional Non-Executive Director, pending shareholder approval. Mr. Nitesh Sharma will take over as CFO and Key Managerial Personnel, bringing 23+ years of finance experience. The company accepted resignations of previous top executives following the ownership change. Amendments to the Articles of Association will align the company’s governance with the new promoter.