Sri Chakra Cement Limited has accepted the resignation of Sriram Kapilavai as Whole-time Director, effective August 25, 2026. The departure marks a leadership change amid the company's ongoing operational pause.

Kapilavai, who previously served as Director Technical, tendered his resignation citing the current non-operational status of the plant. In his resignation letter, he stated that he could no longer contribute meaningfully to the company's core technical objectives under these conditions.

Leadership Transition

The Board of Directors will formally record the resignation at its ensuing meeting. Kapilavai confirmed that there are no other material reasons for his departure beyond those disclosed in his letter.

He also noted his intention to focus on personal growth and explore new career avenues. During his tenure, he served in a technical leadership capacity while the plant was actively operating.

Other Directorships

Kapilavai holds other board positions outside Sri Chakra Cement Limited. He serves as Joint Managing Director in Aditya Spinners Limited, where he is also a member of the Share Transfer Committee. Additionally, he is a Director in Envean Enterprises Private Limited.

Sri Chakra Cement Limited shareholders approved all four resolutions tabled at the company's 44th Annual General Meeting (AGM) held on August 19, 2026. The meeting, conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM) from the registered office in Hyderabad, saw the formal adoption of the audited financial statements for the fiscal year ended March 31, 2026.

The Board of Directors presented the financial results to members, with Sri Sriram Kapilavai, Chairman of the meeting and Whole-time Director, addressing shareholders on the company's performance and outlook. He confirmed that both the Auditor's Report and the Secretarial Audit Report contained no qualifications or adverse remarks. Sri Vijay Kumar Kapilavai, Managing Director, concluded the proceedings with a vote of thanks at 12:30 pm.

Voting Results

Remote e-voting was facilitated through CDSL from August 16, 2026, at 9:00 am until August 18, 2026, at 5:00 pm. Shareholders who did not vote remotely cast their ballots during the live session. Puttaparthi Jagannatham served as the scrutinizer for the process, unblocking votes in the presence of two independent witnesses after the meeting concluded.

The consolidated voting results for the 7,011,987 valid votes cast are detailed below:

Governance and Compliance

The statutory auditor, Sri C Ramachandram, and the secretarial auditor, Sri Navajyoth Puttaparthi, were present at the meeting. Sri Rajendra Babu Puthalapattu, Company Secretary and Compliance Officer, managed the procedural aspects.

The Company Secretary informed members that the final voting results, including the scrutinizer's report, would be disseminated within two days of the meeting's conclusion. These results have been displayed on the company's website and intimated to BSE Limited, in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.