UPL Founder Rajju Shroff steps down as CMD, Jai Shroff named Chairman

Global crop protection products manufacturer UPL announced that its Founder Rajju Shroff has stepped down as Chairman and Managing Director (CMD). Shroff, 90, will become Chairman Emeritus of the Board, effective from December 1, 2022, the company said in its filing. Jai Shroff, a Non-executive Director has been designated as the Chairman of the Board with effect from December 1.