ITD Cementation India Limited — Others, 29-05-2025: Appointment

ITD Cementation India Limited has announced a board meeting on key leadership changes following the transfer of ownership to Renew Exim DMCC (Adani Group). Dr. Malay Mahadevia is appointed Chairman and Non-Executive Non-Independent Director, while Mr. Kattunga Srinivasa Rao joins as an Additional Non-Executive Non-Independent Director, both pending shareholder approval. Mr. Nitesh Sharma will take over as CFO and Key Managerial Personnel. Resignations from the previous Chairman, Executive Vice Chairman, and CFO were accepted due to the ownership change. The company will also amend its Articles of Association to reflect the new promoter details, signaling a major strategic shift under the Adani Group.