Ramco Industries Completes Re-appointment of Non-Executive Independent Director, Shri Ajay Bhaskar Baliga
Ramco Industries Limited has confirmed that its shareholders approved the re-appointment of Shri Ajay Bhaskar Baliga as a Non-Executive Independent Director. The decision was made following a Postal Ballot process held on July 5, 2026.The company announced the outcome of the postal ballot on July 6, 2026. With effect from July 27, 2026, Shri Baliga will serve as the Non-Executive Independent Director for a second term lasting five consecutive years, until July 26, 2031.
The appointment details are as follows:
| Director Name | Reason for Re-appointment | Appointment Effective Date | Term Duration |
|---|---|---|---|
| Shri Ajay Bhaskar Baliga (DIN 00030743) | Approved by Shareholders via Special Resolution, retaining position as Non Executive Independent Director | July 27, 2026 | Five years (July 27, 2026 to July 26, 2031) |
Professional Profile of Shri Ajay Bhaskar Baliga
Shri Ajay Bhaskar Baliga is a freelance Management and Strategy Consultant, bringing over 40 years of experience in the alcoholic beverage industry. With a background as a Chemical Engineer, his career has encompassed various roles related to manufacturing, production control, supply solutions, cost optimization, safety standards, and sustainability within the Alcobev space.Throughout his distinguished career, he served as Executive Director for Allied Blenders and Distillers Private Ltd., which is based in Mumbai, India, until January 2020. Prior to this, he worked as the Global Supply Director at Diageo Plc. He has also held executive and senior management positions with United Spirits Limited (USL) and Shaw Wallace & Company Ltd.
Shri Baliga’s expertise includes spearheading the transformation of USL's manufacturing operations, technical functions, safety, and sustainability to align with Diageo Global Supply standards. In his role as Global Supply Director for Mainstream Spirits at Diageo Plc, he was responsible for defining the Mainstream Strategy and Growth Plans for Supply across African, South American, and far eastern markets.
As a Non-Executive Independent Director, Shri Baliga holds membership in the boards of E.LD. - Parry (India) Limited, The Ramco Cements Limited, and India Limited. There were no relationships disclosed between the director and the company regarding this appointment.
RAMCOIND Stock Price Movement
Today, the stock of Ramco Industries Limited gained significantly, settling at ₹345.85 after closing up 2.95%. Trading volume totaled 1.29 million shares as the company saw its intraday range settle between a low of ₹333.15 and a high of ₹353.5.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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