Saurashtra Cement Reappoints M. S. Gilotra as MD for one year from Jan 2027
Saurashtra Cement's Board approved the re-appointment of Mr. M. S. Gilotra as Managing Director. The reappointment is for one year, from January 1, 2027, to December 31, 2027. This is subject to shareholder approval at the upcoming AGM. Mr. Gilotra has extensive experience in the cement industry.
The re-appointment of the Managing Director is a significant event for the company's leadership and strategic direction, impacting operational continuity and future planning.
The re-appointment of a key management person like the Managing Director for a further term is generally viewed positively as it indicates stability and continuity in leadership.
Saurashtra Cement Limited announced the outcome of its Board of Directors meeting held on August 24, 2026. The Board, based on the recommendation of the Nomination & Remuneration Committee, has approved the re-appointment of Mr. M. S. Gilotra as Managing Director for a further period of one year.
This re-appointment is effective from January 1, 2027, to December 31, 2027, and is subject to the approval of the company's members at the ensuing Annual General Meeting (AGM). Mr. Gilotra, aged 76, is a seasoned professional with over four decades of experience in the cement industry. He holds a Mechanical Engineering degree from BITS Pilani and has previously held senior leadership roles at Associated Cement Companies Ltd. (ACC).
Mr. Gilotra has been associated with Saurashtra Cement's Board since June 1995 and currently serves as the Managing Director, overseeing daily operations and providing strategic leadership. He is not debarred from holding a director's office by any authority. The Board meeting commenced at 6:30 P.M. and concluded at 7:00 P.M.
The details of the re-appointment are in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Gilotra is a Whole-time Director and is not related to any other Director or Promoter of the Company.
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