Board Decisions

At its meeting held on 19th October, 2026 (commencing at 12 noon and concluding at 1:40 p.m.), the Board of Directors considered and approved the following changes:

  • Mr. K. K. Maheshwari (DIN: 00017572) will relinquish his position as Non-Executive Vice Chairman of the Company effective 1st January, 2027 due to his current engagements and other personal commitments. His cessation request letter is attached as Annexure A.
  • Mr. Kailash Chandra Jhanwar (DIN: 01743559) will complete his term as Managing Director on 31st December, 2026. Based on the recommendation of the Nomination, Remuneration and Compensation Committee, the Board has approved his re-designation as Non-Executive Vice Chairman of the Company effective 1st January, 2027.

Resignation Details

Mr. K. K. Maheshwari submitted his resignation letter dated 19th October, 2026, stating his decision to relinquish the position of Non-Executive Director and Vice Chairman effective 1st January, 2027. He expressed gratitude for his association with the Company and acknowledged its remarkable growth, strategic initiatives, and value creation for stakeholders during his tenure.

Director Profile (Mr. K. C. Jhanwar)

Mr. Kailash Chandra Jhanwar has been the Managing Director of UltraTech Cement Limited since 1st January, 2020. He is a Chartered Accountant by profession and joined the Aditya Birla Group in 1981 as a Management Trainee in its cement business.

He has held senior leadership positions across finance, operations, and general management in the cement and chemicals sectors. His expertise includes large-scale project execution, manufacturing excellence, commercial strategy, mergers, acquisitions, and post-merger integration.

He is recognized for his strong stakeholder orientation and people leadership, having played a pivotal role in building resilient organizations, strengthening business franchises, and fostering high-performance teams aligned with long-term value creation.

Compliance Information

As per Annexure B, Mr. K. C. Jhanwar is not debarred from holding the office of a director pursuant to any SEBI order or order of any such authority. There are no disclosed relationships between directors in connection with this appointment.