Greaves Cotton Limited announced significant changes to its Key Managerial Personnel following a Board meeting on March 13, 2026. Mrs. Akhila Balachandar resigned as the Chief Financial Officer (CFO) effective March 19, 2026, citing personal reasons. Concurrently, the Board approved the appointment of Mr. Manish Poddar as the new Group CFO and KMP, also effective March 19, 2026. Mr. Poddar brings over 25 years of diverse finance leadership experience to the role.
Changes in Key Managerial Personnel Approved
The Board of Directors of Greaves Cotton Limited convened today, March 13, 2026, and officially recorded significant changes pertaining to the company’s Key Managerial Personnel (KMP).
Resignation of CFO
The Board accepted the resignation submitted by Mrs. Akhila Balachandar from the position of Chief Financial Officer and KMP. Her resignation was submitted on February 19, 2026, due to personal reasons and other priorities, with the effective date set for March 19, 2026.
Appointment of New Group CFO
Following the recommendation from the Nomination and Remuneration Committee and the Audit Committee, the Board approved the appointment of Mr. Manish Poddar as the new Group Chief Financial Officer and Key Managerial Personnel. This appointment is effective from March 19, 2026.
Brief Profile of Mr. Manish Poddar
Mr. Poddar is a highly experienced finance professional with over 25 years in treasury, investor relations, governance, and strategic business partnering. His prior senior roles include serving as the Chief Financial Officer for GMM Pfaudler Limited and GreenCell Mobility Private Limited. He has held senior finance leadership positions at notable firms such as Diversey India Hygiene Private Limited, Ranbaxy/Sun Pharmaceutical Industries Limited, and Louis Dreyfus India Limited. Academically, Mr. Poddar is a Chartered Accountant, holds an Executive MBA (Finance), and a Bachelor’s degree from the University of Delhi.
Authorized Contacts for Materiality Disclosure
In compliance with disclosure regulations, the following officials have been authorized, effective March 19, 2026, to determine the materiality of events and ensure timely disclosures to the Stock Exchanges:
- Mr. Parag Satpute, Managing Director & Group CEO
- Mr. Atindra Basu, Group General Counsel & Company Secretary
- Mr. Manish Poddar, Group Chief Financial Officer
The Board meeting commenced at 09:45 a.m. (IST) and concluded at 10:30 a.m. (IST) on March 13, 2026.
Source: BSE
