ACC Limited at the board of directors meeting held on December 3, 2022 approved Mr. Sridhar Balakrishnan has resigned from the position of CEO of the Company with effect from close of
business hours of December 3, 2022 for pursuing his career outside the Organization. Mr. Ajay Kapur appointed as Chief Executive Officer of the Company with effect from December 3, 2022. Mr. Kapur is an economics graduate from St. Xavier's University, Mumba and an MBA from K. J. Somaiya Institute of Management. He has also attended the Advanced Management Programme at The Wharton School of the University of Pennsylvania. Mr. Kapur has been actively involved in various industry forums including Cll, FICCI and ASSOCHAM. Mr. Ajay Kapur has 25+ years of experience in the cement and construction, power and heavy metals sector. He joined Ambuja Cement in 1993 as an Executive Assistant to the then Managing Director. He held various strategic positions over the last 2 decades and from 2014 to 2019, he served as the CEO and Managing Director of the Ambuja. Prior to joining the Adani Group in June 2022, Mr. Ajay Kapur was CEO Aluminium and Power and MD Commercial at Vedanta Ltd.