India Cement's board is set to undergo a comprehensive restructuring after UltraTech Cement's ₹7,000-crore acquisition. The Chennai-based cement maker Chief Executive Officer N Srinivasan, along with several other board members, tendered their resignations with immediate effect on Wednesday, December 25, according to a BSE filing. Srinivasan's daughter Rupa Gurunath, his wife Chitra Srinivasan, and VM Mohan have also resigned from the board of directors. According to the exchange filing, CFO R Srinivasan will retire on January 1, 2025.
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