The Board of Directors of UltraTech Cement approved the appointment of Mr. Jayant Dua as the next Managing Director (Designate) effective April 1, 2026. Mr. Dua will formally take over as Managing Director and Key Managerial Personnel on January 1, 2027, succeeding Mr. K. C. Jhanwar. Mr. Dua is a seasoned leader with 37 years of experience, currently serving as the Business Head for Renewables and Textiles.
UltraTech Cement Announces Key Leadership Transition
The Board of Directors for UltraTech Cement Limited has formally approved a significant leadership transition following recommendations from the Nomination, Remuneration and Compensation Committee. The changes center around the appointment of Mr. Jayant Dua to lead the organization.
Phased Appointment Timeline
The transition will occur in two distinct phases:
- Phase 1: Designation (Effective April 1, 2026): Mr. Jayant Dua is appointed as Managing Director (Designate) and will officially join the Senior Management Personnel team on this date.
- Phase 2: Full Charge (Effective January 1, 2027): Upon the completion of the term of the current Managing Director, Mr. K. C. Jhanwar (ending December 31, 2026), Mr. Dua will assume the role of Additional Director, Managing Director, and Key Managerial Personnel.
Mr. Dua’s tenure as Managing Director is set for a term of four (4) years, running from January 1, 2027, to December 31, 2030, pending shareholder approval.
Profile of Incoming Managing Director
Mr. Dua brings a substantial 37 years of experience to the role. He joined the Aditya Birla Group in 1996, focusing initially on the Cement Business, and spent a decade in various functional and leadership capacities. Over the past twenty years, he has successfully managed multiple P&L and CEO responsibilities, scaling businesses across diverse sectors including Insulators, Insurance, Century Cement, and Chlor-Alkali. In 2023, he was elevated to his current position as the Business Head – Renewables and Textiles.
Academically, Mr. Dua holds an Engineering Degree from IIT Delhi and an MBA from the International Management Institute. He also completed the Advanced Management Program at Harvard Business School. Notably, he is a recipient of several internal accolades, including the Chairman’s Individual Award.
Meeting Details
The Board meeting where these approvals were formalized commenced at 12:30 p.m. and concluded at 2:00 p.m. today, March 6, 2026. The detailed information regarding this appointment is available in Annexure A of the filing.
Source: BSE
