Greaves Cotton Limited has announced that Jaganmohan Rao Medisetti has ceased to be a Senior Management Personnel, effective immediately. The company cited changes in its organizational structure as the reason for this development, according to a regulatory filing submitted to the stock exchanges on March 5, 2025.
The announcement comes as a follow-up to the company's earlier intimation dated November 25, 2024. The disclosure was made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The notification was signed by Atindra Basu, Group General Counsel & Company Secretary of Greaves Cotton Limited, who holds ICSI Membership No. A32389.
Greaves Cotton Limited is a diversified engineering company known for its presence across multiple sectors including engineering, e-mobility, retail, finance, and technologies. The company, which has been in operation for over 160 years, is headquartered in Mumbai with its registered office in Aurangabad, Maharashtra.
The company is listed on both the BSE and the National Stock Exchange of India. Greaves Cotton has been working on transforming its business model in recent years, expanding from its traditional engineering focus to include emerging sectors such as electric mobility.