ULTRACEMCONSEUltraTech Cement Limited· Cement And Cement ProductsMediumNeutral
Announced Wed, 27 May · 23:22 IST

UltraTech Cement Limited has informed the Exchange regarding Change in Director(s) of the company.

Management Changes View source PDF

ULTRACEMCO · price

Loading chart…

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

Price reaction · full curve 14 horizons · vs prior close
-4.0%1-day move
₹11713.00
prior close
₹11600.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.1+1.3+1.0+0.9-4.0-4.6-5.5-6.1-6.8-6.7-2.9-3.2
Up moveDown movePending
AI summary

UltraTech Cement's Board of Directors has approved the appointment of Mr. Vikram Bhalla as an Independent Director for a five-year term starting 8th June 2026, subject to shareholder approval. Mr. Bhalla is a senior partner and founding team member of Boston Consulting Group (BCG) India with nearly 30 years of advisory experience in strategy, transformation, and organizational development. He has advised leading Indian conglomerates across more than 30 countries. The company has confirmed that Mr. Bhalla is independent of management and not debarred from holding a director position by any regulatory authority.

Likely market impact

The appointment brings strategic consulting expertise to the board, which could benefit the company's growth strategy and transformation initiatives. As an independent director with no management ties, it strengthens board governance.