ITD Cementation India Limited — Others, 29-05-2025: Change in Director(s)

ITD Cementation India Limited has announced a board meeting outcome following a change in ownership to Renew Exim DMCC. Dr. Malay Mahadevia has been appointed as Non-Executive Non-Independent Director and Chairman, while Mr. Kattunga Srinivasa Rao joins as an Additional Non-Executive Non-Independent Director, pending shareholder approval. Mr. Nitesh Sharma will take over as CFO and Key Managerial Personnel. The resignations of the previous Chairman, Executive Vice Chairman, and CFO are connected to the ownership change. The company will amend its Articles of Association to reflect the new promoter, signaling a major management shift affecting strategic direction and governance.