CG Power Announces Retirement of Senior Executive Ramesh Kumar

Noor Mohmmed

04/Jan/2025

What’s Covered:

Ramesh Kumar, President – Strategic Businesses at CG Power, retires.
His retirement is effective from close of business hours on January 3, 2025.
The announcement aligns with SEBI's disclosure regulations for listed companies.

CG Power and Industrial Solutions Limited, a key player in the electrical equipment industry, has officially announced the retirement of Mr. Ramesh Kumar, President – Strategic Businesses. The retirement took effect from the close of business hours on January 3, 2025, marking the end of an accomplished tenure at the company.

This announcement comes in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Details of the retirement were disclosed to both BSE Limited and the National Stock Exchange of India Limited, ensuring full transparency and adherence to regulatory norms.

Details of the Retirement

Reason for Change:
Mr. Ramesh Kumar has retired as President – Strategic Businesses, a position he has held with distinction.
Effective Date:
The retirement is effective from close of business hours on January 3, 2025, as stated in the company’s official communication.
Regulatory Compliance:
The disclosure aligns with SEBI’s circular dated July 13, 2023, ensuring clarity on corporate governance.

Statement from CG Power

In its official statement, CG Power and Industrial Solutions Limited acknowledged the significant contributions of Mr. Ramesh Kumar during his tenure.

“We express our gratitude to Mr. Ramesh Kumar for his leadership and dedication to the company. His strategic insights have been instrumental in driving growth and innovation in our strategic businesses segment,” said the management.

Impact and Future Plans

The company has yet to announce a successor for the role of President – Strategic Businesses. The leadership team remains committed to ensuring a smooth transition and continued focus on strategic growth initiatives.

As CG Power moves forward, it reiterates its commitment to maintaining excellence in operations and delivering value to stakeholders.

For further details, visit CG Power Official Website.

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