Greaves Cotton Limited announced a change in its Key Managerial Personnel (KMP) following the resignation of its Chief Financial Officer, Mrs. Akhila Balachandar, effective March 19, 2026. The Board has approved the appointment of Mr. Manish Poddar as the new Group Chief Financial Officer and KMP, also effective March 19, 2026. Mr. Poddar brings over 25 years of finance leadership experience to the role.
Key Managerial Personnel Transition Approved
The Board of Directors of Greaves Cotton Limited, following its meeting held on March 13, 2026, has formally approved significant changes concerning the company’s Key Managerial Personnel (KMP).
The Board accepted the resignation submitted by Mrs. Akhila Balachandar from the position of Chief Financial Officer (CFO) and KMP. The resignation, citing personal reasons and other priorities, is effective from March 19, 2026. A copy of her resignation letter, dated February 19, 2026, was taken on record.
Appointment of New Group CFO
Upon the recommendation of the Nomination and Remuneration Committee & Audit Committee, the Board approved the appointment of Mr. Manish Poddar to take over as the Group Chief Financial Officer and KMP of the Company, effective on the same date, March 19, 2026.
Brief Profile of Mr. Manish Poddar
Mr. Poddar has an extensive background spanning over 25 years in finance, treasury, investor relations, governance, and strategic business partnering. His previous roles include serving as Chief Financial Officer at GMM Pfaudler Limited and GreenCell Mobility Private Limited. He also held senior finance leadership positions at companies such as Diversey India Hygiene Private Limited, Ranbaxy/Sun Pharmaceutical Industries Limited, and Louis Dreyfus India Limited. Academically, he is a Chartered Accountant, holds an Executive MBA (Finance), and a Bachelor’s degree from the University of Delhi.
Authorization for Materiality Disclosures
In adherence to disclosure requirements, the following officials have been authorized to determine the materiality of future events or information and ensure timely disclosures to the Stock Exchanges, effective from March 19, 2026:
- 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
