NCL Industries announces leadership changes, appoints new managing director

NCL Industries Limited announced a series of key leadership changes following a board meeting on December 3, 2025. Gautam Kalidindi and Roopa Bhupatiraju have resigned from their executive positions as managing director and executive director, respectively, effective December 2, 2025. Both will, however, continue as additional directors on the board from December 3, 2025, pending shareholder approval. Kalidindi, 44, has been with the company for over 17 years, and Bhupatiraju, 47, joined in 2006.

The board also approved the appointment of K. Ravi, 71, as vice chairman and managing director for a five-year term, effective December 3, 2025, also subject to shareholder approval. Ravi is a promoter of the company with over 45 years of experience in the cement, building materials, and energy sectors.

Additionally, P Sudha Reddy completed her first five-year term as an independent director on January 3, 2026, and opted not to seek re-appointment due to other commitments. Shareholders’ approval for these resolutions will be sought via postal ballot.