Vice Chairman K.K. Maheshwari to step down; MD K.C. Jhanwar redesignated as Vice Chairman

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 step down as Non-Executive Vice Chairman from 1 January 2027 citing personal commitments. Mr. K.C. Jhanwar completes his term as Managing Director on 31 December 2026 and will be redesignated as Non-Executive Vice Chairman from 1 January 2027. Jhanwar, a Chartered Accountant, has been MD since January 2020 with 40 plus years in the Aditya Birla Group cement business. An orderly planned leadership transition with no operational disruption.

Likely market impact

Smooth internal succession with no business disruption. Jhanwar is an experienced insider, ensuring continuity at the board level.