K.K. Maheshwari steps down as Vice Chairman; K.C. Jhanwar to take over from Jan 2027

Kmp ResignedManagement Changes View source PDF Explain this filing

ULTRACEMCO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.9%Reaction day

₹10650.00

prior close

₹10822.00

announcement price

After-mkt

timing

Nifty 100market-0.6%+2.4% vs market

Cement & Cement Products peers, median of 35sector-1.9%+3.8% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty 100 and 3.8 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.8

10m

+0.8

15m

+0.8

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.9-0.6+2.4-1.9+3.8

Next day

+2.9-1.1+4.0-1.5+4.4

+3.8-1.8+5.6-4.4+8.2

+5.0-1.1+6.1-2.2+7.2

+4.7-0.9+5.6-2.7+7.4

+5.0-1.1+6.0-2.8+7.8

+3.7pendingpending-5.7+9.4

15d

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UpDownMarket · Nifty 100Sector · Cement & Cement Products peers, median of 35Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. K.K. Maheshwari will relinquish his role as Non-Executive Vice Chairman effective 1st January 2027 due to personal commitments. Current Managing Director Mr. K.C. Jhanwar will complete his MD term on 31st December 2026 and be re-designated as Non-Executive Vice Chairman from 1st January 2027. Jhanwar, a Chartered Accountant, has been with the Aditya Birla Group since 1981.

Likely market impact

Planned leadership transition. Continuity expected as the current MD steps into the Vice Chairman role from January 2027.