Ultratech plans to raise Board strength to 15

Aditya Birla Group firm Ultratech Cement plans to increase the strength of its Board to 15 from 12 now, keeping in mind company's current size of business and its future growth plans.

"The maximum permissible limit of the Directors under Articles of Association of the company is 12.

"Considering the increase in size of operations of the company and its future growth plans, it is proposed to increase the maximum number of directors from the existing 12 to 15," the company said in a notice to shareholders.

Ultratech Cement thus proposes to alter the existing Article  5 of the Articles of Association of the company.

Kumar Mangalam Birla is the Chairman of the Board.

The company is the largest cement maker in the country with installed manufacturing capacity of 59 million tonnes.

Ultratech Cement, which recently added 4.8 mtpa by acquiring Jaypee Group firm's cement unit in Gujarat, hopes to take the capacity to 70 mtpa by 2015.

Ultratech Cement would take shareholders' view till November 29 and has appointed Nilesh Trivedi, Partner KBNT & Associates as the scrutiniser for conducting the postal ballot voting process.