Adani Ports and Special Economic Zone Ltd (APSEZ), part of the Adani Group, on Tuesday announced that Gautam Adani has been redesignated from Executive Chairman to Non-Executive Chairman, effective immediately.
In a regulatory filing, the company stated that, based on the recommendation of its Nomination and Remuneration Committee, the board approved the change with effect from August 5. Following the redesignation, Adani will no longer be classified as a key managerial personnel of the company.
The board has also appointed Manish Kejriwal as an Additional Director (Non-Executive, Independent) for an initial term of three years starting August 5. His appointment is subject to shareholder approval within three months.
“Re-designation of Mr. Gautam S. Adani from Executive Chairman to Non-Executive Chairman with effect from 5 August 2025 and consequently, he would cease to be key managerial personnel of the Company,” the company informed BSE through the filing.
