P V N L Anil Kumar Resigns as Panyam Cements CFO

HYDERABAD — Panyam Cements and Mineral Industries Limited announced on July 29, 2026, that its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), P V N L Anil Kumar, has tendered his resignation. His departure will take effect from the closure of business hours on August 25, 2026.

According to the official corporate disclosure, Mr. Kumar decided to step down from his executive position to pursue career opportunities outside the cement manufacturing company.

Regulatory Disclosure and Executive Transition Details

The executive change was formally communicated to the stock exchanges by Managing Director Jagathrakshakan Srinisha in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In his resignation letter addressed to the Board of Directors, Mr. Kumar expressed gratitude to the board, Chief Executive Officer, and fellow colleagues for their support during his tenure. The company noted that it will complete statutory regulatory filings with the Registrar of Companies (ROC) and stock exchanges to formalize the executive transition.

Corporate Context and Regional Footprint

Established in 1955, Panyam Cements and Mineral Industries Limited operates manufacturing facilities located at Cement Nagar in the Nandyal district of Andhra Pradesh. The company maintains its corporate office in Madhapur, Hyderabad, Telangana.

As Chief Financial Officer and Key Managerial Personnel, Mr. Kumar oversaw financial governance, accounting operations, and regulatory reporting for the cement maker. The company has not yet named a successor, and the appointment of a replacement CFO will be announced separately upon board approval.

Impact on Operations and Investors

Executive transitions in Key Managerial Personnel roles carry operational and governance implications for listed companies:

• Corporate Governance: The advance notification gives the board of directors time to execute a smooth succession plan prior to the CFO's final working day on August 25, 2026.

• Financial Oversight: The incoming finance chief will assume responsibility for managing working capital, capital expenditure plans, and compliance across regional manufacturing and corporate operations.

• Shareholders & Market Impact: Transparent disclosure under SEBI LODR rules ensures capital market participants remain informed regarding key leadership changes in listed companies.

Official Sources Section

According to official regulatory filings submitted to BSE Limited, Panyam Cements and Mineral Industries Limited formally reported the executive resignation pursuant to SEBI circulars and listing regulations. Complete disclosures and corporate notices can be accessed via the exchange desk or on the Panyam Cements Corporate Website.

Quote Section

"Mr. P V N L Anil Kumar, Chief Financial Officer and Key Managerial Personnel (KMP) of the Company, has tendered his Resignation as CFO & KMP with effect from the closure of business hours of 25th August, 2026 to pursue opportunities outside the Company," stated Jagathrakshakan Srinisha, Managing Director of Panyam Cements and Mineral Industries Limited, in the official regulatory disclosure.

Why It Matters

Changes in Key Managerial Personnel require strict compliance with regulatory governance standards under Indian securities laws. Orderly transitions in financial leadership help maintain corporate stability and ensure continuity across financial reporting, debt servicing, and operational budgeting.

Key Facts at a Glance

• Executive Departure: CFO P V N L Anil Kumar resigns from Panyam Cements and Mineral Industries Limited.

• Effective Date: Departure becomes effective August 25, 2026, at the closure of business hours.

• Reason: Resignation tendered due to personal reasons and to pursue external opportunities.

• Regulatory Compliance: Intimation submitted under Regulation 30 of SEBI LODR Regulations.

Frequently Asked Questions (FAQ)

When will P V N L Anil Kumar step down as CFO of Panyam Cements?

Mr. P V N L Anil Kumar will step down from his position as CFO and KMP at the closure of business hours on August 25, 2026.

Why did P V N L Anil Kumar resign from Panyam Cements?

According to the official regulatory disclosure, Mr. Kumar resigned due to personal reasons and to pursue opportunities outside the company.

Where are the main operations of Panyam Cements located?