India Cements Capital Limited , a prominent player in the financial services sector, has announced significant changes to its key management personnel, effective August 27, 2025. The company's Board of Directors approved these changes during a meeting held on August 26, 2025, following recommendations from the Nomination and Remuneration Committee.

CFO Transition

Mr. K. Suresh, who has been serving as the Chief Financial Officer (CFO), has stepped down from his position. In his resignation letter, Mr. Suresh cited "internal restructuring and realignment of roles" as the reason for his departure from the CFO position. His resignation took effect at the close of business hours on August 26, 2025.

Stepping into the role of CFO is Mr. S. Pranatharthiharan, whose appointment becomes effective on August 27, 2025. Mr. Pranatharthiharan brings a wealth of experience to his new position. He is an Intermediate qualified Chartered Accountant with extensive experience in finance and accounts. Notably, he has been associated with India Cements Capital Limited since 1997, most recently serving as Senior Manager Accounts.

New Company Secretary and Compliance Officer

In an interesting turn of events, Mr. K. Suresh, the outgoing CFO, has been appointed as the new Company Secretary and Compliance Officer, also effective from August 27, 2025. Mr. Suresh is well-qualified for this role, being both a Chartered Accountant and a Company Secretary. He possesses wide managerial experience, including expertise in secretarial matters, and has been associated with the company since 2007.

Management's Statement

The company's management expressed confidence in these changes, viewing them as part of their ongoing efforts to strengthen the organization's leadership team. In the official communication to the BSE Limited, the company stated that these appointments were made to ensure a smooth transition and to leverage the expertise of long-standing employees who have deep knowledge of the company's operations.

These strategic changes in key managerial positions are expected to bring fresh perspectives while maintaining continuity in the company's operations. Shareholders and market watchers will be keen to see how these new appointments influence India Cements Capital Limited's future strategies and performance in the dynamic financial services sector.

The Board meeting where these decisions were made commenced at 2:30 PM and concluded at 3:45 PM on August 26, 2025. The company has duly informed the BSE Limited of these changes, in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

India Cements Capital , a leading cement manufacturer, has announced that UltraTech Cement has set the floor price for its offer for sale (OFS) of its stake in India Cements Capital. The floor price has been set at ₹368.00 per share, marking a significant move in the cement industry.

Offer for Sale Details

The OFS represents UltraTech's decision to divest its shareholding in India Cements Capital through the stock exchange mechanism. This move is likely to attract attention from investors and market watchers, given the prominence of both companies in the Indian cement sector.

Implications for the Market

This stake sale could potentially reshape the ownership structure of India Cements Capital and may have implications for the competitive landscape of the cement industry. The floor price of ₹368.00 per share sets a baseline for the transaction, providing a clear starting point for potential investors.

Stock Exchange Mechanism

By choosing to divest through the stock exchange mechanism, UltraTech is opting for a transparent and market-driven process. This method allows for broader participation and price discovery, which could benefit both the seller and potential buyers.

The cement industry will be closely watching this development, as it could signal broader trends in the sector, including consolidation moves or strategic realignments among major players.