Shares of Birla Cable Limited came under pressure after the company informed stock exchanges about the resignation of its Manager and Chief Executive Officer, R. Sridharan. As of 9:30 AM, the shares were trading 0.91% lower at Rs 129.41.
According to the regulatory filing, R. Sridharan has stepped down from the position of Manager and CEO due to personal reasons. He has been relieved from his duties with effect from the close of business hours on January 19, 2026. Following his resignation, he has also ceased to be a Key Managerial Personnel (KMP) of the company in terms of Section 203 of the Companies Act, 2013, along with Regulation 30(5) of the SEBI Listing Regulations.
The company clarified that the decision was personal in nature and not linked to any operational or governance-related concerns. As part of the disclosure requirements, Birla Cable Limited also submitted Annexure ‘A’, detailing the reason for the change and the effective date of cessation, in line with the SEBI Master Circular dated November 11, 2024.
In its official communication, the company expressed appreciation for R. Sridharan’s contributions during his long association with the organisation. However, the absence of an immediate announcement regarding a successor appears to have weighed on market sentiment, leading to a fall in the company’s share price during trading.
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