Shree Digvijay Cement: Pramod Kabra Resigns, Shitij Kale Appointed Director
Shree Digvijay Cement announced the resignation of Director Pramod Kabra and the appointment of Shitij Kale as an Additional Director. Mr. Kale's appointment is effective immediately and is subject to shareholder approval. This change follows the acquisition of 45.01% stake by India Resurgence Fund entities.
Changes in directorship, especially following a significant share acquisition, can indicate shifts in strategic direction or governance. The appointment of a new director with substantial experience suggests potential future impact on the company's operations and strategy, warranting a medium impact assessment.
The announcement details changes in directorship, including a resignation and an appointment. While these are significant corporate actions, they do not inherently indicate a positive or negative financial outcome for the company based solely on this information.
Shree Digvijay Cement Co. Ltd. announced changes in its board of directors on December 18, 2025. Mr. Pramod Kabra has resigned as a Non-Executive – Non-Independent Director, effective from the close of business hours on December 18, 2025. His resignation is consequent to the completion of the acquisition of 6,67,25,311 equity shares (45.01% of share capital) by India Resurgence Fund – Scheme 1, India Resurgence Fund 2 – Scheme 2, and India Resurgence Fund 2 – Scheme 4 from True North Fund VI LLP.
Following Mr. Kabra's resignation, the Board, upon the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Mr. Shitij Kale as an Additional Director (Non-Executive – Non-Independent Director). Mr. Kale is a nominee director of the Purchasers and his appointment is effective immediately, subject to shareholder approval. Mr. Kale brings over two decades of experience in investments, M&A, and capital markets, having previously worked with Adani Group and Citigroup India. The company confirmed that the Board's composition remains compliant with the Companies Act, 2013, and Listing Regulations, and the Board committees have been reconstituted to reflect these changes.
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Shree Digvijay Cement Co.Ltd filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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