Hindalco Industries has announced changes in its senior management personnel for the Copper business. The Board of Directors, upon the recommendation of the Nomination and Remuneration Committee, has appointed Mr. Kapil Agrawal as CEO (Designate) - Copper effective November 1, 2026. He will assume the full role of CEO - Copper with effect from March 1, 2027, succeeding Mr. Rohit Pathak.

Mr. Rohit Pathak, the current CEO - Copper, will transition into a different role within the Aditya Birla Group. He will cease to be a Senior Management Personnel of the company effective the close of business hours on February 28, 2027. This cessation is attributed to an internal movement within the Group.

Mr. Kapil Agrawal has been associated with the Aditya Birla Group for over three decades. His leadership experience spans the Textiles, Fashion, and Retail sectors, where he has held roles in Operations, Strategy, Supply Chain, Buying & Merchandising, and business leadership. Prior to this appointment, he served as CEO of the Overseas Spinning Business and held full P&L responsibility for the Textiles Business in 2023.

The following table outlines the details of the management changes:

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars.

Novelis Inc., a wholly owned subsidiary of Hindalco Industries Limited, announced on June 10, 2026, that the hot mill at its Oswego, New York facility is back online following a fire incident. The restart marks a significant step in normalizing operations at the plant, which had faced disruptions due to the fire. During the outage, Novelis utilized its global network of hot mills and finishing operations to maintain supply continuity for customers.

Steve Fisher, president and CEO of Novelis Inc., highlighted the importance of this development for operations and customer supply. He expressed gratitude for the flexibility shown by customers and the efforts of employees and suppliers in ensuring continuity during the outage period. With the mill operational, the company is now working to ramp up supply to meet customer demands.

Operational Enhancements

In conjunction with the restart, Novelis is accelerating the implementation of a standardized operating system. This initiative aims to strengthen the company's ability to deliver dependable supply and high-quality products to customers worldwide. The company also acknowledged the support of the Oswego community and local stakeholders throughout the recovery process.

Financial Context

The development aligns with recent market analysis, as Hindalco Industries Limited had previously been flagged by brokerages for an expected operational recovery at Novelis. The Oswego facility's restoration is anticipated to reverse prior fire-related underperformance, contributing to the parent company's earnings profile in a strong aluminium market.