UltraTech Cement Limited has announced significant changes to its Board of Directors. Effective January 1, 2027, Mr. K. K. Maheshwari will relinquish his position as Non-Executive Vice Chairman due to personal commitments. Concurrently, Mr. Kailash Chandra Jhanwar, whose term as Managing Director concludes on December 31, 2026, will be re-designated as Non-Executive Vice Chairman, following a recommendation from the Nomination, Remuneration and Compensation Committee.
Board Leadership Transition
UltraTech Cement Limited has disclosed key changes in its Board of Directors, set to take effect from January 1, 2027. The announcement details the relinquishment of his position as Non-Executive Vice Chairman by Mr. K. K. Maheshwari, citing current engagements and personal commitments.
Appointment of New Vice Chairman
In a related development, Mr. Kailash Chandra Jhanwar will be transitioning from his role as Managing Director, a term concluding on December 31, 2026. Following a positive 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. This transition underscores a planned leadership evolution within the company’s governance structure.
Details of the Changes
The Board meeting where these decisions were finalized commenced at 12 noon and concluded at 1:40 p.m. on October 19, 2026. Detailed information regarding the reasons for these changes and the profiles of the individuals involved are provided in Annexure B of the official filing.
Source: BSE
