Carborundum Universal IT Head Ajit Kolhe resigns effective June 26

1 min read     Updated on 27 Jun 2026, 04:04 AM
scanx
Reviewed by
Naman SScanX News Team
AI Summary

Ajit Kolhe resigned as Head-Information Technology at Carborundum Universal effective June 26, 2026, to pursue external career opportunities. The company disclosed the change under Regulation 30 of the Listing Regulations.

powered bylight_fuzz_icon
44025587

*this image is generated using AI for illustrative purposes only.

Ajit Kolhe has resigned as Head-Information Technology at Carborundum Universal , effective from the close of business hours on June 26, 2026. The senior management official is stepping down to pursue career prospects outside the organization. The resignation was communicated to the stock exchanges in a regulatory filing.

The company disclosed the change in senior management personnel under Regulation 30 read with Para A (7) of Part A of the Listing Regulations. The disclosure references the SEBI Master Circular dated January 30, 2026.

Resignation Details

The filing provides specific particulars regarding the cessation of the role. The reason cited for the change is the decision to step down from the position of Head-Information Technology to pursue opportunities outside the company.

Particulars Details
Reason for change Stepping down as Head- Information Technology for career prospects outside the Company.
Date of cessation Effective close of business hours on 26 June 2026
Brief profile Not applicable
Disclosure of relationships Not applicable

The resignation letter addressed to Sridharan Rangarajan, Managing Director of Carborundum Universal, confirmed the decision to step down from the services of the company. The official expressed gratitude for the support and guidance received during the tenure.

Historical Stock Returns for Carborundum Universal

1 Day5 Days1 Month6 Months1 Year5 Years
+0.13%-4.42%+4.91%+35.58%+9.36%+70.31%

Who will be appointed as the successor to lead the IT strategy, and how will this transition impact ongoing digital transformation projects?

What does the departure of a senior IT executive suggest about the company's ability to retain top talent in a competitive tech landscape?

Could this leadership change signal a potential shift in the company's technology roadmap or IT investment priorities?

like16
dislike

Carborundum Universal Records ₹31.44 Crore Block Trade on NSE at ₹1240.00 Per Share

0 min read     Updated on 23 Jun 2026, 10:15 AM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Carborundum Universal recorded a block trade on the NSE involving approximately 253,581 shares at ₹1240.00 per share. The total transaction value aggregated to ₹31.44 crores. Block trades of this magnitude are generally associated with institutional investor activity and are executed outside the regular market order book to limit price disruption.

powered bylight_fuzz_icon
43735514

*this image is generated using AI for illustrative purposes only.

Carborundum Universal witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 253,581 shares transacted at a price of ₹1240.00 per share, aggregating to a total deal value of ₹31.44 crores.

Block Trade Details

The transaction highlights institutional-level activity in the stock. The key parameters of the block trade are summarised below:

Parameter: Details
Exchange: NSE
Number of Shares: ~253,581
Trade Price: ₹1240.00 per share
Total Trade Value: ₹31.44 crores

Block trades are large-volume transactions typically executed between institutional investors and are carried out outside the regular order book mechanism to minimise market impact. Such trades are often indicative of significant portfolio activity by institutional participants in the scrip.

Historical Stock Returns for Carborundum Universal

1 Day5 Days1 Month6 Months1 Year5 Years
+0.13%-4.42%+4.91%+35.58%+9.36%+70.31%

How might this block trade influence Carborundum Universal's stock price in the upcoming trading sessions?

Does this transaction signal a change in institutional sentiment regarding the company's future growth prospects?

Could this block trade be a precursor to further stake sales or accumulation by major investors?

like17
dislike

More News on Carborundum Universal

Must Read Next

Earnings

Corporate Actions

Stocks

1 Year Returns:+9.36%