Unicommerce Board Makes Key Changes: Director Resigns, Another Executive Re-designated as NonExecutive Chairman
Unicommerce Esolutions Ltd has announced significant changes in its Board of Directors. Following a resolution passed by the Board on June 4, 2026, the company confirmed the resignation of one director and the re-designation of another executive to the role of NonExecutive Chairman.Mr. Manoj Kumar Kohli stepped down from his positions as Chairman and Independent Director of Unicommerce Esolutions Ltd. The resignation was tendered due to personal and unavoidable circumstances. His resignation letter, dated June 4, 2026, stipulates that his duties will cease thirty days from the date of the resignation notice.
In a simultaneous corporate action, Mr. Kasaragod Ullas Kamath, who has been serving as an Independent Director since December 6, 2023, was re-designated to serve as NonExecutive Chairman of the Board. This change is set to take effect from July 4, 2026.
Mr. Kamath brings extensive experience and qualifications to the role. He holds a Bachelor's of Law degree from the University of Mysore, a Master's of Commerce degree from Kakatiya University, and a Master's of Science in management from the London School of Economics and Political Science. His professional background includes completing Advanced Management Programs at both Wharton School—University of Pennsylvania and Harvard Business School.
Mr. Kamath is a Fellow of the Institute of Chartered Accountants of India and an Associate Member of the Institute of Company Secretaries of India. Prior to this appointment, he served as the Joint Managing Director of Jyothy Labs Limited. His current board directorships include V-Guard Industries Limited, Wonderla Holidays Limited, Veranda Learning Solutions Limited, AceVector Limited, and he serves as Chairperson of FICCI Karnataka State Council.
The Board confirmed that neither Mr. Kohli nor Mr. Kamath are related to any other Director on the company's Board.
UNIECOM Stock Price Movement
Shares of Unicommerce Esolutions Limited slipped today, closing at ₹86.40 after shedding 0.38% from the previous close. The stock recorded a traded volume of 176,140 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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