Ultratech's Chief Legal Officer, Anoop Khatry, resigned citing personal reasons, as announced in an exchange filing on Friday.
The Competition Commission of India directed Ultratech to submit financial documents following allegations of contraventions of competition norms, related to cartelization in ONGC tenders.
The Director General's investigation found Ultratech's subsidiary India Cements, along with other companies, engaged in anti-competitive collusion, leading to the CCI's directive for financial disclosures.
Ultratech's shares closed 0.86% higher on Friday amidst these developments, ending at Rs 12,506 apiece, compared to a 0.22% rise in the benchmark NSE Nifty 50.