Mumbai, India – January 28, 2025: ACC Limited (NSE: ACC) has announced a key management change, appointing Bhavik Parikh as the new Company Secretary and Compliance Officer, effective February 1, 2025. He replaces Manish Mistry, who will step down from both roles on January 31, 2025.
Key Management Changes at ACC Limited:
- Outgoing Executive:
- Manish Mistry (Company Secretary & Compliance Officer) will step down on January 31, 2025.
- Incoming Executive:
- Bhavik Parikh was appointed Company Secretary & Compliance Officer, effective February 1, 2025.
Who is Bhavik Parikh?
- Professional Qualifications:
- Associate Member (ACS) of The Institute of Company Secretaries of India (ICSI), New Delhi.
- Commerce Graduate from Gujarat University.
- Industry Experience:
- Over 10 years of expertise in corporate law compliance, secretarial practices, mergers & acquisitions (M&A), and corporate restructuring.
- Past Roles:
- Worked with Adani Group (since 2023).
- Former Assistant Company Secretary at Sanghi Industries Limited.
- Experience with a leading Practicing Company Secretary firm in Ahmedabad, handling assignments related to buybacks, due diligence, and mergers.
Strategic Impact of the Leadership Change
The appointment is crucial as ACC Limited continues its strategic expansion and strengthening compliance. Parikh’s corporate restructuring and regulatory compliance expertise are expected to bolster ACC’s governance and risk management framework.Investor & Market Perspective
- The leadership transition is a positive step towards enhancing regulatory adherence and corporate governance.
- Stakeholders will closely monitor how Parikh’s strategic expertise influences corporate operations and legal compliance at ACC Limited.