Change in Director / Key Managerial Personnel

Nature of Change: Appointment of independent director

Director Details:

  • Name: Mr. Vikram Bhalla
  • Effective Date: 8th June 2026
  • Term: Five consecutive years from 8th June 2026 to 7th June 2031 (both days inclusive)
  • Status: Independent director

Professional Profile:

  • Senior partner and founding team member of Boston Consulting Group (BCG) India
  • 30 years of advisory experience spanning strategy, transformation, people and organization, and family business transformation
  • Has advised leading Indian conglomerates, mid-cap companies, and family enterprises across more than 30 countries
  • Deep expertise in strategic planning and evaluation of complex business decisions across several industries and geographies
  • Significant proficiency in leadership and organizational development across diverse entities including multinational corporations, large and mid-sized organizations, and family-controlled businesses
  • Started career with BCG in Mumbai in 1996 as part of the founding team
  • Became Partner in 2005 and Senior Partner in 2012

Educational Qualifications:

  • Undergraduate degree in Physics from University of Delhi
  • MBA from Indian Institute of Management, Calcutta

Other Board Positions:

  • Serves on Advisory Board of several non-profit organizations including The Convergence Foundation, Center Square Foundation, and CEGIS

Compliance Status:

  • Independent of the Company's management
  • Not debarred from holding office of director by virtue of any order passed by SEBI or any other authorities
  • No relationships disclosed between directors

Approval Process:

  • Appointment approved by Board of Directors based on recommendation of Nomination, Remuneration and Compensation Committee
  • Subject to approval of Members of the Company

Disclosure Reference:

  • Made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Filed with BSE Limited (Scrip Code: 532538) and National Stock Exchange of India Limited (Scrip Code: ULTRACEMCO)
  • Also filed with Luxembourg Stock Exchange (Scrip Code: US90403E1038 and US90403E2) and Singapore Exchange (ISIN Code: US90403YAA73 and USY9048BAA18)