The Board of Directors of UltraTech Cement has approved the appointment of Mr. Jayant Dua as Managing Director (Designate) effective April 1, 2026, and as full Managing Director from January 1, 2027. This transition follows the completion of the term for the current MD, Mr. K. C. Jhanwar, on December 31, 2026. Mr. Dua, an Aditya Birla Group veteran of 37 years, will serve a four-year term starting January 1, 2027.
Leadership Transition Approved by UltraTech Board
At a meeting held on March 6, 2026, the Board of Directors of UltraTech Cement Limited announced key changes in its senior management composition, following recommendations from the Nomination, Remuneration and Compensation Committee.
Appointment of Mr. Jayant Dua
The Board approved the appointment of Mr. Jayant Dua as the Managing Director (Designate) of the Company, effective from April 1, 2026. He will also be designated as a Senior Management Personnel from that date.
Furthermore, the Board approved the appointment of Mr. Dua as:
- Additional Director
- Managing Director
- Key Managerial Personnel
This full appointment will take effect on January 1, 2027, succeeding the completion of Mr. K. C. Jhanwar’s term on December 31, 2026.
Term of Appointment
Mr. Dua’s term as Managing Director will span four (4) years, commencing January 1, 2027, and concluding on December 31, 2030, subject to shareholder approval.
Profile of the Incoming MD
Mr. Dua is described as a seasoned leader bringing 37 years of experience. He joined the Aditya Birla Group in 1996, initially focusing on the Cement Business. Over his tenure, he has held multiple P&L and CEO responsibilities, scaling businesses across diverse sectors including Insulators, Insurance, Century Cement, and Chlor-Alkali.
In 2023, Mr. Dua was elevated to the position of Business Head – Renewables and Textiles. He holds an Engineering Degree from IIT Delhi, an MBA, and has completed the Advanced Management Program from Harvard Business School.
Meeting Details
The Board meeting commenced at 12:30 p.m. and concluded at 2:00 p.m.
As per Annexure A, Mr. Dua is not debarred from holding the office of a director by any SEBI order or authority.
Source: BSE
