UCAL board re-appoints CMD and four directors, hikes Deputy MD pay
UCAL · price
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UCAL's board on July 8, 2026 approved re-appointment of Jayakar Krishnamurthy as Chairman and Managing Director for 5 years from Sept 1, 2026 to Aug 31, 2031. Also re-appointed Ram Ramamurthy as Whole-time Director for 2 years, Ramachandran Sundar as Independent Director for a second 5-year term, and Abhaya Shankar as Non-Executive Director for 2 years. Increased managerial remuneration of Deputy MD Adithya Srivatsa Jayakar, who is the CMD's son. Postal ballot notice approved to seek shareholder consent.
Leadership continuity at the top. Pay hike for Deputy MD, who is CMD's son, may draw shareholder attention. All re-appointments subject to postal ballot approval.