Nine employees designated as Senior Management Personnel with effect from October 1, 2026

Board has approved designating 9 existing employees as Senior Management Personnel (SMP) w.e.f. October 1, 2026, due to changes in internal roles and responsibilities.

Tue 29 Sep 2026

Effective Date

October 1, 2026

Number of Employees Designated as SMP

9 existing employees

Reason for Designation

Changes in internal roles and responsibilities

Key Designations

Deepak Mishra (CEO - Extrusion & Formwork), Amit Musaddy (Chief Strategy Officer), Praveen Nimbalkar (COO - Textile), Ketan Oza (SVP -…

Employment Status

All continue in existing full-time employment

What was announced

The Board of Directors, on the recommendation of the Nomination & Remuneration Committee, approved changes in the Senior Management Personnel (SMP) of the company on September 29, 2026. Nine existing employees have been designated as SMP with effect from October 1, 2026, purely due to changes in internal roles, designations and responsibilities.

The nine designated persons

• Mr. Deepak Mishra - CEO, Extrusion and Formwork Division
• Mr. Amit Musaddy - Chief Strategy Officer
• Mr. Ketan Oza - Senior Vice President, Textile Marketing
• Mr. Praveen Nimbalkar - Chief Operating Officer, Textile
• Mr. Yogesh Chaturvedi - Head of Procurement
• Ms. Shilpa Kulkarni - DGM, Human Resources
• Mr. Rajesh Naik - Senior VP & Business Head, Apparel Division
• Mr. Vikas Patangia - GM Corporate, Legal Affairs
• Mr. Madan Yadav - Sr. Vice President, Formwork

Background of the individuals

Mr. Deepak Mishra joined the group in 1990 and, as CEO of the Extrusion and Formwork divisions and Anhui Reliable Steel Technology Co. Ltd. (ARST), has been involved in expanding the group's businesses in India and China.

Mr. Amit Musaddy has been with the company since 2021; he is a Chartered Accountant with a Master of Commerce and an MBA from ISB, Hyderabad.

Mr. Ketan Oza joined in 1997 as Marketing Manager for cotton yarn exports and has nearly three decades of experience in international textile marketing.

Mr. Praveen Nimbalkar has over 30 years of apparel and textile experience, having worked with Calida AG, Nike, Marks & Spencer and Columbia Sportswear.

Mr. Yogesh Chaturvedi has been with the company since 2003 and handles strategic sourcing, vendor development and cost optimisation.

Ms. Shilpa Kulkarni has over 18 years of HR experience across HR operations, talent acquisition, payroll and compliance, and oversees administrative functions.

Mr. Rajesh Naik has over 36 years in the apparel industry, was associated with the organisation for over 21 years as a business associate and joined full-time in 2020.

Mr. Vikas Patangia is an MBA in Marketing with 35 years in corporate legal affairs, compliance and regulatory governance, and also leads renewable energy and energy efficiency initiatives.

Mr. Madan Yadav has 13 years of sales experience, including 8 years with the group, and heads India Sales for Technocraft Formwork.

What it means for investors

This is a designation and disclosure exercise rather than fresh hiring or exits. All nine continue on their existing full-time employment terms. Being classified as SMP brings these roles under the company's senior management disclosure framework, which means future changes involving them will also be disclosed to the exchanges.

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