UltraTech Cement has announced significant changes to its board composition, effective January 1, 2027. Mr. K. K. Maheshwari will be relinquishing his role as Non-Executive Vice Chairman due to existing commitments. Concurrently, Mr. Kailash Chandra Jhanwar, whose term as Managing Director concludes on December 31, 2026, has been approved for re-designation as Non-Executive Vice Chairman, following committee recommendations. These changes reflect strategic board adjustments and the continuation of experienced leadership.
Board Composition Adjustments
UltraTech Cement Limited has announced significant changes to its board composition, effective from January 1, 2027. These adjustments follow a board meeting held on October 19, 2026, where key leadership transitions were considered and approved.
Mr. K. K. Maheshwari’s Resignation
Mr. K. K. Maheshwari (DIN: 00017572) will be stepping down from his position as Non-Executive Vice Chairman of the Company. This decision is attributed to his current engagements and other personal commitments. His request for cessation has been formally attached as Annexure A. This marks the end of his tenure in this specific role, though the document notes his long and fulfilling association with the company.
Mr. Kailash Chandra Jhanwar’s Re-designation
In line with the proposed changes, Mr. Kailash Chandra Jhanwar (DIN: 01743559) will transition from his role as Managing Director. His term as Managing Director is scheduled to conclude on December 31, 2026. Following a recommendation from the Nomination, Remuneration and Compensation Committee, the Board has approved the re-designation of Mr. Jhanwar as Non-Executive Vice Chairman of the Company, effective January 1, 2027.
Mr. Jhanwar has a distinguished career, having served as the Managing Director of UltraTech Cement Limited since January 1, 2020. He is a Chartered Accountant by profession and joined the Aditya Birla Group in 1981. His extensive experience spans leadership positions in finance, operations, and general management within the cement and chemicals sectors, with a strong focus on large-scale project execution, manufacturing excellence, and commercial strategy, including mergers and acquisitions.
Meeting Details
The board meeting where these decisions were made commenced at 12 noon and concluded at 1:40 p.m. Brief details as required are provided in Annexure B. The company has confirmed that this information is for the exchange’s information and records.
Source: BSE
