India Cements Limited has released the official transcript of its Q4 FY26 earnings conference call, conducted on 27th April 2026, in compliance with SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The call was held jointly with UltraTech Cement Limited, reflecting the completed integration of India Cements as a subsidiary of the cement major.

Regulatory Disclosure and Corporate Structure

The transcript disclosure was made through official communications to both BSE Limited (Scrip Code: 530005) and National Stock Exchange of India Limited (Scrip Code: INDIACEM) on 2nd May 2026. The document was digitally signed by Krishnagopal Ladsaria, Chief Financial Officer of India Cements, confirming the company's continued compliance with regulatory requirements despite its subsidiary status under UltraTech Cement Limited.

UltraTech's Strategic Milestone Achievement

During the earnings call, UltraTech Cement Limited announced crossing the significant milestone of 200 million tons of cement production capacity in India, making it the first company globally to achieve this scale within a single country outside of China. The company's capacity expansion journey showed remarkable acceleration, growing from 100 million tons in 2019 to 200 million tons by FY26.

India Cements Integration Progress

The earnings call highlighted the successful completion of brand migration for India Cements, with 100% conversion to the UltraTech brand achieved by March 2026. This represented a significant acceleration from the gradual transition that began in Q2 FY26, when only 31% of India Cements volumes carried the UltraTech brand.

Financial Performance Improvements

India Cements demonstrated substantial operational improvements during the integration period:

The company reported a quarterly PAT of INR60 crores for Q4 FY26, marking a significant turnaround after an extended period. UltraTech management noted that the INR497 EBITDA per ton figure for India Cements reflects performance under a tolling arrangement, where India Cements manufactures and sells UltraTech-branded products while UltraTech handles marketing and distribution costs.

Investment and Expansion Plans

UltraTech has committed substantial investments for India Cements' operational enhancement:

• Efficiency Improvements: INR1,592 crores allocated for operational efficiency upgrades
• Capacity Expansion: INR400 crores designated for expanding production capacity
• Target Achievement: Management expects to exceed INR1,000 per ton EBITDA by fiscal 2028

Market Position and Future Outlook

The integrated entity now represents approximately 13% of UltraTech's consolidated capacity. UltraTech management expressed confidence in achieving sustainable volume growth of 7% to 8% per annum, supported by India's structural growth drivers including urbanization, infrastructure development, and housing demand.

Regulatory and Operational Framework

The earnings call transcript is available on India Cements' official website at www.indiacements.co.in , ensuring transparent communication with stakeholders. The company maintains its registered office at Dhun Building, 827, Anna Salai, Chennai - 600 002, while operating under the corporate office structure at Coromandel Towers in Chennai.

The successful integration and brand migration completion positions India Cements as a significant contributor to UltraTech's expanded operations, with management indicating that the assets are transitioning from integration challenges to meaningful earnings contributors as operational improvements mature.

India Cements has issued a formal notification to stock exchanges regarding newspaper advertisements published for SEBI's special window for physical share transfer and dematerialization, along with the Second 100 Days Campaign "Saksham Niveshak" for shareholder KYC updates.

SEBI Special Transfer Window Details

The Securities and Exchange Board of India has opened a special window from February 5, 2026 to February 4, 2027, allowing investors to lodge physical share transfer requests under specific conditions:

The company clarified that cases involving disputes between transferor and transferee, as well as securities transferred to Investor Education and Protection Fund (IEPF), will not be considered under this window.

Second 100 Days Campaign Initiative

India Cements is participating in the "Saksham Niveshak" campaign running from April 1, 2026 to July 9, 2026, aimed at encouraging shareholders to update their KYC details and claim unpaid dividends.

Corporate Communication Details

The notification was sent to BSE Limited and National Stock Exchange of India Limited on April 29, 2026, signed by Chief Financial Officer Krishnagopal Ladsania. The company published advertisements in Business Standard on April 28, 2026, covering all editions.

Registrar and Transfer Agent Information

Shareholders requiring assistance can contact Integrated Registry Management Services Private Limited at Kences Towers, Chennai, or reach out via email at kalyan@integratedindia.in . The company emphasized that dividend payments will only be processed electronically after proper KYC documentation is completed.

The initiative reflects India Cements' commitment to regulatory compliance and shareholder service improvement, ensuring investors can access their rightful dividends and maintain proper documentation for their shareholdings.

Source: None/Company/INE383A01012/431fefb850f6446c.pdf