COO redesignated as Chief Strategy Officer; VP (North) gets remuneration hike from 1 October 2026
Board approved two senior management changes, effective 1st October, 2026.
- Mr. Mrutyunjaya Panda Role Change
- Chief Operating Officer to Chief Strategy Officer, effective 1st October 2026
- Mr. Ashwini Kumar Remuneration Increase
- Rs. 78,00,000 p.a. to Rs. 1,01,00,004 p.a., effective 1st October 2026
- Mr. Panda Experience
- Over 28 years of experience in operations and management
- Mr. Kumar Experience
- Over 17 years of experience in business development, sales and marketing
What was announced
The Board of CSM Technologies, through a circular resolution dated 30th September 2026 and on the recommendation of the Nomination and Remuneration Committee (circular resolution dated 29th September 2026), approved two changes among Senior Management Personnel.
- Mr. Mrutyunjaya Panda: designation changed from Chief Operating Officer to Chief Strategy Officer, with effect from 1st October, 2026.
- Mr. Ashwini Kumar: remuneration increased from Rs. 78,00,000 p.a. to Rs. 1,01,00,004 p.a., with effect from 1st October, 2026.
Reasons given
The company says Mr. Panda's new role aligns with expanded responsibilities in strategic planning, business growth, cross-functional leadership, performance monitoring, innovation and risk management. Mr. Kumar's increase is in recognition of his performance, contribution to the organisation and overall business results, and to keep his pay aligned with his experience, role and prevailing industry standards.
Backgrounds
- Mr. Panda has been with the company since March 16, 1998, joining as Business Manager and promoted to COO on April 1, 2023. He holds a diploma in electrical engineering and has over 28 years of experience in operations and management.
- Mr. Kumar is Vice President & Zonal Head (North), associated with the company since September 16, 2010 as a business development consultant and promoted to his current role from April 1, 2025. He holds a B.Tech in computer science and engineering and a post graduate diploma in IT management, with over 17 years of experience in business development, sales and marketing.
What it means for investors
These are internal senior management changes; both individuals continue to serve under their existing terms and conditions of employment. The pay revision is for one senior executive and is disclosed as an annual figure.
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More numbers
- Ashwini Kumar existing remunerationRs. 78,00,000 p.a.
- Ashwini Kumar revised remunerationRs. 1,01,00,004 p.a.
- Mrutyunjaya Panda experienceover 28 years
- Ashwini Kumar experienceover 17 years
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