Exxaro Tiles Limited has announced the successful installation of a 3.8 MW DC solar power project, marking a significant step in the company's sustainability initiatives. This development comes after the company previously addressed misinformation regarding its solar projects and other business activities.

Latest Solar Project Details

The company has provided comprehensive details about its new solar power initiative:

Previous Solar Initiative

Earlier, the company had announced a different solar project with the following specifications:

Addressing Misinformation

The company had previously issued clarifications against misleading claims made in a YouTube video, categorically rejecting several false statements including incorrect annual savings figures and unauthorized market expansion claims. Exxaro Tiles emphasized its commitment to transparency and compliance with SEBI regulations, ensuring all material information is disseminated through official channels.

Manufacturing Capabilities

Exxaro Tiles operates two state-of-the-art manufacturing facilities with a combined installed capacity of 1,46,00,000 sq. meters per annum. The company specializes in producing double charge vitrified tiles, glazed vitrified tiles, polished glazed vitrified tiles, wall tiles, ceramic products, and big format slab tiles.

Market Presence

The company maintains a strong pan-India presence through a robust distribution network of over 2,000 dealers and six display centres. Internationally, Exxaro Tiles exports to more than 15 countries including the United States, Canada, African continent, Gulf countries, Indonesia, Vietnam, Mexico, and Nepal.

This solar project initiative reinforces Exxaro Tiles' commitment to environmental responsibility and operational efficiency, contributing to both cost savings and carbon footprint reduction while aligning with national and global sustainability goals.

Exxaro Tiles Limited (ISIN: INE0GFE01026) has announced significant changes to its leadership structure, including the re-appointment of key directors and the addition of new members to its executive team. These changes, approved by the company's Board of Directors, are set to strengthen Exxaro Tiles' management and governance framework.

Board Re-appointments

The Board has approved the re-appointment of three directors for five-year terms, effective from January 6, 2026, to January 5, 2031, subject to shareholder approval:

1. Mr. Mukeshkumar B. Patel - Re-appointed as Managing Director
2. Mr. Kirankumar B. Patel - Re-appointed as Whole Time Director
3. Mr. Dineshkumar R. Patel - Re-appointed as Whole Time Director

New Appointments

In addition to the re-appointments, the Board has made two significant new appointments:

1. Mr. Miten Majmundar - Appointed as Additional Non-Executive (Independent) Director for a five-year term from November 18, 2025, to November 17, 2030, subject to shareholder approval.
2. Mr. Jigneshkumar B. Patel - Appointed as Chief Financial Officer, effective November 18, 2025.

Key Details of Appointments

Mr. Mukeshkumar B. Patel (Managing Director)

• Age: 47 years
• Experience: Approximately 22+ years in financial and marketing operations in the building material & Ceramic Industry
• Responsibilities: Overall business and commercial strategy, accounting, and financial operations

Mr. Kirankumar B. Patel (Whole Time Director)

• Age: 40 years
• Experience: Over 15+ years in sales and marketing operations in the manufacturing industry
• Responsibilities: Sales and Distribution process, human resources department

Mr. Dineshkumar R. Patel (Whole Time Director)

• Age: 55 years
• Experience: 25+ years in production activities and process streamlining
• Responsibilities: Production and administrative operations at the Talod manufacturing facility

Mr. Miten Majmundar (Independent Director)

• Qualifications: Chartered Accountant (May 2005 batch)
• Experience: Over 18 years in Corporate Banking, specializing in MSME and Corporate Banking Verticals
• Current Role: Consultant for corporate banking requirements and founder of ProAssess Intelli

Mr. Jigneshkumar B. Patel (Chief Financial Officer)

• Qualifications: Chartered Accountant
• Experience: Over 12 years in Finance, Accounts, Taxation, and Auditing
• Previous Role: Deputy Manager (Finance & Accounts) at Asian Granito India Limited

Implications for Exxaro Tiles

These leadership changes are expected to bring a blend of continuity and fresh perspectives to Exxaro Tiles' management. The re-appointment of long-serving directors ensures stability in the company's strategic direction, while the addition of new expertise in finance and corporate governance may help drive future growth and operational efficiency.

The appointment of Mr. Miten Majmundar as an Independent Director is likely to enhance the Board's oversight capabilities, particularly in areas of corporate finance and banking relationships. Meanwhile, the induction of Mr. Jigneshkumar B. Patel as CFO brings in-depth financial expertise that could strengthen the company's financial management and reporting processes.

As Exxaro Tiles navigates the competitive landscape of the building materials industry, this restructured leadership team is positioned to guide the company through its next phase of development and market challenges.