Share News: Adani Group's cement companies gave a big update on management changes

Adani Group's cement companies ACC and Ambuja Cements gave a big update on the management reshuffle after the market closed on Friday. ACC said that Ajay Kapoor will no longer be the CEO of the company from March 31, 2025. The company has appointed Vinod Baheti as the CEO of the company from April 1, 2025. Apart from this, the company has informed that Rakesh Tiwari has been appointed as the CFO of the company from April 1, 2025. The company said in the exchange filing, "Ajay Kapoor's tenure as Whole Time Director and Chief Executive Director of the company will end from the end of business hours on March 31, 2025."

The company said "Vinod Baheti has been appointed as Additional Director and Whole Time Director and Chief Executive Officer of the company for a period of three (3) years with effect from April 1, 2025."

Ajay Kapoor will be MD of Ambuja Cements Ajay Kapoor has been promoted as MD of Ambuja Cements and Vinod Baheti has been promoted as CEO of Ambuja Cements and ACC Ltd, effective from April 1, 2025. ACC's profit in the quarter ended December doubled to ₹1,091.8 crore compared to ₹537.7 crore in the same quarter of the previous fiscal. Stock performance The company's stock closed at Rs 1,945 on Friday, down 0.97 per cent. The company's stock has seen a decline of 21.94 per cent in the last one year.

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