The board of directors of Shiva Cement Limited meeting held on September 14, 2023, approved re-designation of Mr. Manoj Kumar Rustagi as a Whole- Time Director and Chief Executive Officer ("CEO") of the Company with immediate effect. Manoj Kumar Rustagi has an experience of more than 29 years and is a senior business management professional, and significantly contributed in Corporate strategy & planning, Project Management, and various strategic initiatives for cost reduction, operations improvement and de-bottlenecking, in the steel and power sector, after his engineering. In his consulting stint, post his MBA, he was instrumental in setting up a Metals & Mining practice, led a high-end consulting assignment for steel major in Europe.

During this period, he travelled extensively to Europe and worked on charting niche solutions for Metals & Mining domain. He was overseas business development manager to evaluate and assess, business opportunities outside India essentially for acquiring mining assets, after he came back and joined Steel Industry. In his present role as Chief Sustainability and Innovation Officer (CSIO), he is spearheading initiatives in Sustainability and R&D, and new Business development for JSW Cement Limited (JSWCL), India.