Ambuja Cements Announces Key Leadership Changes Following Board Meeting

Ambuja Cements Limited has announced a series of significant leadership changes following the Board of Directors meeting held on March 28, 2025. The changes, based on the recommendations of the Nomination & Remuneration Committee, are set to take effect from April 1, 2025.

Key Appointments and Changes:

1. Reappointment of Ajay Kapur
   Ajay Kapur has been reappointed as the Managing Director (Key Managerial Personnel) for a term of two years, effective April 1, 2025.
2. Appointment of Vinod Bahety
   Vinod Bahety  has been appointed as an Additional Director, Wholetime Director, and Chief Executive Officer (Key Managerial Personnel) for a three-year term, effective April 1, 2025.
3. Appointment of Rakesh Tiwary
   Rakesh Tiwary has been appointed as the Chief Financial Officer (Key Managerial Personnel), effective April 1, 2025.
4. Cessation of  Vinod Bahety as CFO
   Vinod Bahety will step down as the Chief Financial Officer at the close of business hours on March 31, 2025.
5. Appointment of Praveen Garg
   Praveen Garg has been appointed as an Additional Director (Non-Executive and Independent) for a three-year consecutive term, effective April 1, 2025.

Senior Management Personnel (SMP) Changes:

a) Chief Digital Officer

Appointment: Madhavi Isanaka will take over as Chief Digital Officer, effective April 1, 2025.

Cessation: Hemal Shah will step down from the role at the close of business hours on March 31, 2025.

b) Head of Manufacturing

Appointment: Vaibhav Dixit will assume the role of Head of Manufacturing, effective April 1, 2025.

Cessation: Sukuru Ramarao will step down at the close of business hours on March 31, 2025.

c) Chief Sustainability Officer

 Ashwin Raikundaliya, Chief Sustainability Officer, will cease to be an SMP at the close of business hours on March 31, 2025.