UltraTech Cement Share Price in Focus; Appoints Jayant Dua as Managing Director

UltraTech Cement Limited has announced the appointment of Jayant Dua as the Managing Director (Designate) of the company, effective April 1, 2026.  

This decision follows the completion of K. C. Jhanwar's term as Managing Director on December 31, 2026. 

Appointment Details and Tenure 

The Board of Directors of UltraTech Cement, based on the recommendation of the Nomination, Remuneration and Compensation Committee, approved the appointment of Jayant Dua.  

He will assume the role of Managing Director and Key Managerial Personnel from January 1, 2027, for a term of 4 years, ending on December 31, 2030. This appointment is subject to the approval of the company's shareholders. 

Jayant Dua's Professional Background 

Jayant Dua is a seasoned leader with 37 years of experience. He joined the Aditya Birla Group in 1996, initially in its Cement Business.  

Over the years, he has held multiple P&L and CEO responsibilities across diverse industries, including Insulators, Insurance, Century Cement, and Chlor-Alkali. In 2023, he was elevated to the position of Business Head for Renewables and Textiles. 

Achievements and Education 

Throughout his career, Jayant Dua has been recognised for his leadership skills and contributions. He has received several awards, including the Chairman’s Individual Award in 2002, the Outstanding Leader in 2009, and the Leader of Leaders in 2022.  

He holds an Engineering Degree from IIT Delhi, an MBA from the International Management Institute, and has completed the Advanced Management Program from Harvard Business School. 

Read More: JSW Cement Share Price in Focus; Wins Bid for Sikilangso Limestone Block in Assam! 

Board Meeting and Decision 

The decision to appoint Jayant Dua was made during a board meeting that commenced at 12:30 p.m. and concluded at 2:00 p.m. on March 6, 2026.  

The meeting was held at the company's registered office in Mumbai, India. The announcement is available on the company's official website. 

UltraTech Cement Share Price Performance 

As of March 06, 2026, at 3:30 PM, UltraTech Cement share price on NSE was closed at ₹11,987.00 down by 2.45% from the previous closing price. 

Conclusion 

UltraTech Cement's appointment of Jayant Dua as Managing Director marks a significant leadership transition. With his extensive experience and proven track record, he is expected to bring valuable insights and direction to the company. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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