The India Cements Limited , a subsidiary of UltraTech Cement Limited, has published its Annual Report for the financial year ended 31st March 2026, reporting a decisive turnaround in standalone profitability. The company's 80th Annual General Meeting (AGM) is scheduled to be held on 10th August 2026 at 3:00 P.M. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM).

Standalone Financial Performance

The company recorded a strong recovery in its standalone financials for FY26, reversing losses reported in the prior year. The following table summarises the key standalone financial results:

Profit before Interest, Depreciation and Tax for FY26 was ₹494.23 crore vis-à-vis a negative ₹329.98 crore in FY25. Profit After Tax for FY26 was ₹65.31 crore compared to a negative ₹655.64 crore in FY25. The Basic and Diluted Earnings Per Share (face value ₹10 each) stood at ₹2.11 for FY26, compared to ₹(21.16) in FY25.

Operational Performance

The company's operational metrics showed broad-based improvement during FY26. Cement capacity utilisation improved to 70% in FY26 from 62% in FY25. The following table presents production and sales volumes:

Key Financial Ratios

Several key financial ratios improved materially in FY26, reflecting the benefits of the UltraTech Cement Limited takeover, better sales volumes, operational efficiencies, reduction in borrowings, improvement in credit rating and consequent reduction in interest rates.

Capital Structure and Share Capital

The paid-up equity share capital of the company stood at ₹309.90 crore as on 31st March 2026, comprising 30,98,97,201 equity shares of ₹10/- each. UltraTech Cement Limited held 74.99% of the equity share capital as on 31st March 2026. As on 31st March 2026, 99.85% of the company's equity shares had been dematerialised.

Corporate Developments

Several significant corporate events occurred during FY26:

• Scheme of Amalgamation: A Scheme of Amalgamation of ICL Financial Services Limited, ICL International Limited, ICL Securities Limited and India Cements Infrastructures Limited with The India Cements Limited was sanctioned by the National Company Law Tribunal, Chennai Bench on 9th March 2026 and made effective on 28th March 2026, with an appointed date of 1st January 2025. All four wholly-owned subsidiaries were dissolved without winding up.
• Minimum Public Shareholding Compliance: The company complied with minimum public shareholding requirements by December 2025, with UltraTech Cement Limited's shareholding reduced to 23,24,16,830 equity shares (74.998%) and public shareholding increased to 25.002%.
• Divestment: The divestment of PT Adcoal Energindo, Indonesia (a wholly-owned subsidiary) was completed, and it ceased to be a subsidiary with effect from 2nd December 2025.
• Commercial Paper Redemption: The company redeemed its commercial paper amounting to ₹100 crores.
• Brand Transition: During the year, the company completed the migration of its product brands to the brand portfolio of its holding company.

Capital Expenditure Plans

The company proposes to incur capital expenditure of ₹2,014 crore over a period of two years, comprising:

Credit Ratings

CARE Ratings Limited has reaffirmed the ratings at CARE AAA, Stable (Triple A Outlook: Stable) for long-term bank facilities, CARE A1+ (A One Plus) for short-term bank facilities and CARE A1+ (A One Plus) for Commercial Paper of the company.

Dividend and Reserves

The Board of Directors has not recommended any dividend for the year ended 31st March 2026, with the intention to conserve resources to cater to future requirements. No amount has been transferred to General Reserve.

80th Annual General Meeting

The 80th AGM will be held on 10th August 2026 at 3:00 P.M. (IST) through VC/OAVM. The record date for remote e-voting is 3rd August 2026, with the remote e-voting period commencing on 6th August 2026 at 9:00 A.M. (IST) and ending on 9th August 2026 at 5:00 P.M. (IST). Key agenda items include adoption of standalone and consolidated financial statements for FY26, reappointment of Mr. Vivek Agrawal as Director, and ratification of the remuneration of ₹10 lakh payable to Mr. K. Suryanarayanan as Cost Auditor for the financial year ending 31st March 2027.

India Cements will conduct its 80th Annual General Meeting (AGM) on August 10, 2026, at 3:00 PM IST through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting is being held in compliance with the Companies Act, 2013, and relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI). The virtual format facilitates shareholder participation without a physical venue.

The AGM shall be deemed to be conducted at the company's Registered Office located at Dhun Building, 827, Anna Salai, Chennai – 600 002. The notice regarding the meeting was signed by Krishnagopal Ladsaria, Chief Financial Officer, on July 13, 2026.

The company has established August 3, 2026, as the Cut-Off Date to determine shareholder eligibility for remote e-voting and participation in the AGM. Soft copies of the Notice and the Annual Report for the year ended March 31, 2026, will be sent via email to members with registered addresses. Physical copies will not be dispatched unless specifically requested.

Shareholders holding shares in physical form who have not registered their email addresses, PAN, or bank details are requested to submit Form ISR-1. Those holding shares in demat form must update their KYC details with their Depository Participants. The company has also provided a remote e-voting facility, with detailed instructions available in the notice.

The notice has been submitted to BSE Limited and the National Stock Exchange of India Limited for dissemination. A copy has also been forwarded to the Luxembourg Stock Exchange.