Ramco Cements appoints new chairman and MD

21 Jun 2022 CW Team

In accordance with the recent SEBI amendments in the LODR Regulations, Ramco Cements appoints MF Farooqui as Chairman and PR Venketrama Raja as Managing Director.

To ensure greater corporate democracy and in order to have a better and more balanced governance structure, the Board of Directors had unanimously decided to separate the two posts and elected MF Farooqui, IAS (Retd.), Independent Director, as the Chairman of the Board of Directors, effective from July 4, 2022. PR Venketrama Raja’s tenure as Managing Director has been extended by another 5 years.

SEBI had brought in amendments in LODR Regulations under the recommendation of the SEBI Committee on Corporate Governance. The Committee recommended the Separation of the Roles of Non-executive Chairperson & Managing Director, which is considered to be one of the highest standards of Corporate Governance.

The amendment has been in effect from July 1, 2022. However, companies were given an option to adopt this provision on a voluntary basis.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..