Alicon Castalloy Announces Leadership Change
Alicon Castalloy Ltd. announced a change in leadership effective March 31, 2026. Rajeev Sikand relinquished his position as Chief Executive Officer due to superannuation. Sumit Bhatnagar has assumed the role of Chief Executive Officer, also serving as a Key Managerial Personnel.Sumit Bhatnagar brings over 26 years of experience in the automotive industry. Previously, he served as Group President of ANAND since January 2017, and as Managing Director of ANEVOLVE since January 2022. He also held positions at Gabriel India Limited and Anand CY Myutec. Mr. Bhatnagar holds a BE in Production Engineering and a PGDBM in Finance and Strategy. He is not related to any of the company’s directors.
Rajeev Sikand’s shareholding in Alicon Castalloy Ltd. totals 5,08,638. He is not debarred from holding office by any SEBI or other authority.
Table: Leadership Change Details - Sumit Bhatnagar
| Detail | Information |
|---|---|
| Reason for Change | Sumit Bhatnagar assumed the role of CEO from Rajeev Sikand, who superannuated. |
| Date of Appointment | March 31, 2026 |
| Brief Profile | Seasoned automotive industry professional with experience in Business Development, Operations, and Supply Chain & Logistics. |
| Relationship to Directors | Not related to any directors. |
| Shareholding | Nil |
| Debarred from Office | No |
Table: Leadership Change Details - Rajeev Sikand
| Detail | Information |
|---|---|
| Reason for Change | Superannuation |
| Date of Cessation | March 31, 2026 |
| Brief Profile | Not Applicable |
| Relationship to Directors | Not related to any directors. |
| Shareholding | 5,08,638 |
| Debarred from Office | No |
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