Basant Kumar Birla's daughter Manjushree Khaitan has been named as the chairman of Kesoram Industries, the company said in a filing with the stock exchanges.
At the board meeting held today, Kesoram has redesignated Manjushree Khaitan, the executive vice-chairperson, as chairman of the board with immediate effect. Basant Kumar Birla, who passed away earlier this month, was the chairman of the company.
Khaitan also relinquished her position as executive vice-chairperson with immediate effect and will continue on the board as a non-executive director. Khaitan had been on the board of Kesoram Industries since 2001.
Khaitan felt that as chairman, she