Sri Chakra Cement Ltd Appoints New Chief Financial Officer Following Key Management Change
Sri Chakra Cement Limited has announced the appointment of Sri Vijay Kumar Kapilavai as its new Chief Financial Officer. The appointment, effective from August 14, 2026, was approved by the Board of Directors following a meeting held on that date.
The change comes following the resignation of Mr. Srirama Vara Prasad Nendraganti, who had been serving as the company's CFO and categorized as Key Managerial Personnel (KMP) and Senior Management Personnel (SMP). The resignation was effective from May 30, 2026.
Mr. Vijay Kumar Kapilavai has been appointed to the role of Chief Financial Officer. His background includes over three decades of experience in finance, production, marketing, and control functions across various company affairs.
The appointment decision followed based on the recommendations and approval of the Nomination & Remuneration Committee and Audit Committee.
Details regarding the new Key Managerial Personnel are provided below:
| Particulars | Details |
|---|---|
| Name of Chief Financial Officer | Sri Vijay Kumar Kapilavai |
| Date of Appointment | August 14, 2026 |
| Professional Profile | Commerce Graduate with more than three decades of experience in production, finance, marketing and control of company affairs. |
Stock Price Movement
Sri Chakra Cement Ltd closed out the trading session on Friday, settling at ₹37.91 after gaining 5.42%. Shares navigated a volatile intraday period, with the stock moving between a low of ₹32.55 and an intraday high of ₹37.97.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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