Marsons Limited, a listed company in the power and transformer manufacturing sector, has appointed Mr. Harshvardhan Kotia as the Chief Executive Officer (CEO) of the company, with effect from 22nd July 2025. The announcement was made via a regulatory filing to the Bombay Stock Exchange (BSE) under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Approves Leadership Change

The company’s board approved the appointment during its recent meeting, citing Mr. Kotia’s strategic leadership experience and deep sectoral knowledge as key drivers for the decision. The change is part of Marsons Ltd's efforts to accelerate growth, strengthen operations, and explore new business verticals.

About Harshvardhan Kotia

Mr. Harshvardhan Kotia is an engineering graduate from a top engineering university in the United Kingdom. Over the past decade, he has been actively leading operations in the transformer manufacturing business, gaining hands-on exposure to production, strategic growth, and market expansion. His international education and leadership experience are expected to add fresh perspective and business depth to Marsons Ltd’s executive leadership.

According to the filing, his main focus areas as CEO will include:

• Expansion of current business streams

• Diversification into associated business verticals

• Operational scaling and technology-driven transformation

Regulatory Disclosures

As per the disclosure requirements under SEBI regulations and Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, the following details were submitted:

Marsons Ltd’s Strategic Direction

Headquartered in Kolkata, Marsons Ltd is known for its role in power infrastructure development, including manufacturing of power and distribution transformers. With this leadership change, the company aims to further consolidate its presence in the domestic market while exploring export opportunities and adjacent technology-driven solutions in the energy sector.

The company believes that Mr. Kotia's industry acumen and vision for integrated growth will support its next phase of development.

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