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

ITD Cementation India Limited has announced a board meeting outcome following its change in ownership to Renew Exim DMCC (Adani Group). Dr. Malay Mahadevia has been appointed Additional Director and Chairman, and Mr. Kattunga Srinivasa Rao as Additional Director, subject to shareholder approval. Mr. Nitesh Sharma will become CFO and Key Managerial Personnel. Key resignations include the former Chairman, Executive Vice Chairman, and CFO due to the ownership transition. The company will amend its Articles of Association to reflect the new promoter. This marks a significant leadership overhaul aligned with the new ownership.