The company states that Sunil Duggal’s term as an independent director concludes on 13th August 2025
UltraTech Cement, an Aditya Birla Group company, has informed that its board of directors has approved the appointment of V Chandrasekaran as an independent director of the company with effect from 13th August 2025 for a period of five years.
In a regulatory filing, the company stated that Sunil Duggal’s term as an independent director concludes on 13th August 2025. He has indicated that owing to current engagements and personal commitments, he does not wish to be considered for reappointment for a second term.
The company highlighted that the appointment is based on the recommendation of the nomination, remuneration and compensation committee and subject to approval of the members of the company.
“V Chandrasekaran is independent of the Company’s management and based on declarations received, he is not debarred from holding the office of director by virtue of any order passed by the Securities and Exchange Board of India (Sebi) or any other such authorities,” the company added in its official statement.
Chandrasekaran is a Chartered Accountant (CA) and retired Executive Director (Investment) of Life Insurance Corporation of India (LIC). He has more than three decades of experience in Life Insurance Finance, Housing Finance and Mutual Fund Investment, with adequate exposure to a gamut of Investments.
The company said that his areas of expertise include investment decision making, investment monitoring, accounting and investment research, risk management, treasury management, credit appraisal, equity research, and corporate governance. He is Chairman (independent) of Care Ratings.
