Company Announcement
Orient Cement Limited has announced the reappointment of Mr. Desh Deepak Khetrapal as Managing Director and CEO for a brief one-month term from April 1 to April 30, 2025. This short-term extension was approved by the company’s Board of Directors at their meeting on March 30, 2025, and remains subject to shareholder approval.
The company disclosed this information to stock exchanges in compliance with Regulation 30 of SEBI Listing Regulations, as confirmed by Company Secretary Diksha Singh.
Key Points About the Reappointment:
- ✦ Approved during board meeting on March 30, 2025 (11:45 AM – 12:10 PM)
- ✦ Term: One month only (April 1 – April 30, 2025)
- ✦ Position: Managing Director and CEO
- ✦ Status: Subject to shareholder approval
- ✦ Not liable for rotation
- ✦ Recommended by the Nomination & Remuneration cum Compensation Committee
About Desh Deepak Khetrapal:
- ➤ Educational qualifications: Honours Degree in Business & Economics and MBA in Marketing & Finance from Delhi University
- ➤ Professional experience: 47 years across diverse industries
- ➤ Associated with Orient Cement as MD & CEO since 2012
- ➤ Expertise: Leading sustainable transformation in large organizations
- ➤ Focus areas: ESG and climate change
- ➤ Status: Not debarred by SEBI or any other authority
- ➤ Relationships: Not related to any company Director
Potential Market Impact
The short one-month extension of Mr. Khetrapal’s tenure suggests a transitional period for Orient Cement, which could create short-term uncertainty in the market. Given his long association with the company since 2012 and his reputation as “the driving force behind the Company,” this brief extension might indicate an upcoming leadership change.
Investors may view this development with caution, potentially leading to share price volatility as the market anticipates announcements about future leadership plans. The extremely short extension period (just one month) is unusual and may prompt speculation about succession planning or possible strategic shifts at Orient Cement.
However, Mr. Khetrapal’s extensive experience and familiarity with the company operations could provide stability during this transition phase, potentially minimizing negative market reactions.
Company Profile: Orient Cement Limited
Orient Cement Limited is a prominent player in the Indian cement industry with the following details:
- Corporate Office: Birla Tower, 3rd floor, 25 Barakhamba Road, New Delhi 110001
- Registered Office: Unit VIII, Plot No.7, Bhoinagar, Bhubaneshwar, Odisha 751012
- Website: www.orientcement.com
- CIN No: L26940OR2011PLC013933
- Stock Listings: BSE (Scrip Code: 535754) and NSE (Symbol: ORIENTCEM)
The company has established itself in the construction materials sector with a focus on sustainable practices and environmental responsibility, as evidenced by Mr. Khetrapal’s noted expertise in ESG and climate change initiatives.
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Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
