UltraTech Cement Ltd. announced that the tenure of Mr. O. P. Puranmalka as Managing Director of the company ceases on March 31, 2016. He continues as a non-executive director of the company with effect from April 01, 2016. The Board of Directors of the company at its meeting held on December 18.

2015 took note of these changes. The Board has appointed Mr. K. K. Maheshwari as additional director and him as Managing Director of the company, both with effect from April 01, 2016 for a period of four years. Mr. Maheshwari has been appointed a key managerial personnel in terms of the provisions of the Companies Act, 2013 and he is not related to any other director of the company.

The Board accepted the resignation of Mr. Dilip Gaur, Deputy Managing Director of the company with effect from March 31, 2016. These changes have been based on the recommendation of the Nomination, Remuneration and Compensation Committee and is subject to the approval of the shareholders of the company.