Ceigall Appoints Saravanan and Dr. Pawan Kumar as Directors Amid Management Changes

Ceigall Appoints Saravanan and Dr. Pawan Kumar as Directors Amid Management Changes​

Ceigall India Limited announced significant changes in its board composition following a meeting held on June 29, 2026. The Board of Directors approved the appointment of two new directors—Mr. Ayyalusamy Saravanan and Dr. Pawan Kumar—while simultaneously accepting the resignation of Whole-Time Director Dr. Sudhir Rao Hoshing.

The appointments were made in recognition of their expertise in infrastructure development, as both individuals are slated to join the company as Additional Directors / Whole-Time Directors with effect from July 01, 2026. These appointments are subject to approval by shareholders at the ensuing Annual General Meeting (AGM). The term for each new director is two years, ending on June 30, 2028.

Appointments of New Directors​

Mr. Ayyalusamy Saravanan, currently the Chief Executive Officer (CEO), was appointed as an Additional Director / Whole-Time Director & CEO. He brings nearly 33 years of experience to the infrastructure sector, having held leadership positions at organizations such as MW High Tech Projects India Pvt. Ltd., GMR Group, and TCE Consulting Engineering.

His professional achievements include executing the Longest all Steel Flyovers in South India (which has been operational for five years) and successfully delivering major projects including an 80 Million Michelin Tyre plant facility in Chennai, a 40 Million Procter & Gamble facility in Hyderabad, and a 30 Million Cadbury Factory in SRICITY. Mr. Saravanan also has experience in the solar fabrication sector.

Dr. Pawan Kumar was appointed as an Additional Director / Whole-Time Director. Dr. Kumar possesses over 33 years of extensive experience in infrastructure and construction, holding both a Master of Engineering in Highways from Punjab University, Chandigarh, and a Doctorate of Philosophy (Ph.D.) from IIT Roorkee. His core competencies span project management, business development, contract management, and arbitration.

Both Mr. Saravanan and Dr. Kumar were confirmed to be not related to any Director or Key Managerial Personnel of the company. They both hold directorships across several Ceigall-related entities.

Board Restructuring Details​

The key personnel changes approved by the Board are summarized below:

Resignation Acceptance​

The Board accepted the resignation of Dr. Sudhir Rao Hoshing from the position of Whole-Time Director, effective from the close of business hours on July 15, 2026. The company received Dr. Hoshing’s resignation letter, which stated that his departure was due to family commitments and personal exigencies.

CEIGALL Stock Price Movement​

As of 12:20 PM, Ceigall India Limited shares are shedding by 1.58% in live trading, currently resting at ₹376.15 after a drop of ₹6.05. Trading activity remains robust as buyers and sellers engage heavily, with the stock seeing total traded volume of 330,280 shares today.