Orient Ceratech Limited announced that Manan Shah has resigned from the position of Managing Director, effective September 30, 2026. The resignation was accepted by the Board during its meeting held on September 24, 2026.

Shah cited his intention to pursue a bigger and more challenging professional role within the Ashapura Group as the reason for stepping down from the executive leadership position. Despite ceasing to be a Key Managerial Personnel (KMP), he will continue to serve on the Board as a Non-Executive Director.

Governance and Disclosure Details

The company disclosed this change under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 4:30 pm and concluded at 5:30 pm on September 24, 2026. The company confirmed that necessary details required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025 were enclosed in the filing.

Key Personnel Changes

The following table outlines the specific details regarding the change in designation:

Continuity in Leadership

In his resignation letter, Shah noted that he had served as Managing Director for more than three years. He expressed gratitude to the Board, management team, and employees for their support during his tenure. The Board accepted his request to remain associated with the company in a non-executive capacity, ensuring continued contribution to the company's long-term objectives.

This transition marks a shift in the operational leadership structure while maintaining continuity through Shah's ongoing presence on the Board.

Orient Ceratech Limited shareholders approved all five ordinary resolutions proposed at the company's 55th Annual General Meeting (AGM), held on September 24, 2026. The approvals included the adoption of FY26 financial statements, a dividend declaration, and the re-appointment of a director, with assent votes exceeding 99% for most items.

The meeting was conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). Chairman Harish Motiwalla presided over the session, confirming the requisite quorum with 33 members participating via video conferencing. Statutory Auditors M/s. Sanghavi & Co. were present virtually to address queries, though no qualifications were raised.

Key resolutions and management updates

Managing Director Manan Shah provided an overview of the company’s performance for FY26, highlighting operations across its three core segments: refractories, ceramic raw materials, and specialist ceramics. He addressed industry risks and outlined strategies to mitigate them, alongside future business prospects.

During the question-and-answer session, Shah clarified that competitors vary due to the diverse product basket, though the company primarily caters to the steel sector. He noted that Corporate Social Responsibility (CSR) initiatives focus on women development and educational programs within the manufacturing and mining sectors.

Voting results summary

Voting was conducted through remote e-voting administered by Central Depository Services Limited (CDSL). The remote e-voting window was open from September 21, 2026, at 9:00 am to September 23, 2026, at 5:00 pm. Members who did not vote remotely had the opportunity to vote electronically during the meeting.

The following table summarizes the voting results for each resolution:

Dipti Gohil, Practicing Company Secretary, was appointed as the Scrutinizer to scrutinize the votes cast. The consolidated scrutinizer's report confirmed that all resolutions were passed with the requisite majority. The meeting concluded at 11:40 am.