India Cements Limited has published newspaper advertisements confirming the dispatch of its postal ballot notice seeking shareholder approval for material related party transactions (RPTs) worth Rs 9,820 crore with holding company UltraTech Cement Limited for financial year 2026-27. The company informed stock exchanges on 07.04.2026 about the publication of these advertisements in Business Standard (English daily) and Hindu Tamil Thisai (Tamil daily).

Regulatory Compliance and Publication

The newspaper advertisements were published following the company's earlier communication dated 06.04.2026, which enclosed the postal ballot notice to stock exchanges. The publications inform shareholders that the notice dated 31.03.2026 has been sent via email along with requisite information for remote e-voting:

E-Voting Schedule and Process

The remote e-voting process has been scheduled with specific timelines for shareholder participation:

The notice is being dispatched electronically to members whose email addresses are registered with the company, its registrar Integrated Registry Management Services Private Limited, or depositories NSDL and CDSL as of the cut-off date.

Proposed Transaction Details

The material RPTs encompass various business activities between India Cements and UltraTech Cement Limited, with the aggregate value significantly exceeding the materiality threshold of Rs 414.88 crore:

Current Year Performance Context

The company has already undertaken significant transactions with UltraTech during FY 2025-26 up to 31st December, 2025, totaling Rs 1,432.39 crore. This includes substantial sales of goods and services worth Rs 1,259.25 crore and purchases worth Rs 149.29 crore.

Business Rationale and Strategic Benefits

The proposed transactions are designed to leverage synergies between the companies, including procurement efficiency through UltraTech's large-scale capabilities, access to extensive distribution networks, operational optimization for capacity utilization, and enhanced financial flexibility through corporate guarantees and inter-corporate deposits. The Audit Committee, comprising all independent directors, reviewed and approved the proposed transactions at its meeting held on 24th March, 2026, with an independent external review confirming adherence to arm's length pricing principles.

India Cements Limited has announced that it has received an ESG rating of 59 for FY2025 from NSE Sustainability Ratings & Analytics Limited. The company made this disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESG Rating Details

The rating assessment was conducted by NSE Sustainability based on information available in the public domain. The ESG rating of 59 reflects India Cements Limited's performance across three key parameters:

Regulatory Compliance

The company has formally communicated this development to both major stock exchanges where its shares are listed. The disclosure was made to BSE Limited and National Stock Exchange of India Limited as part of the company's ongoing compliance with listing regulations.

Company Information

India Cements Limited operates as a subsidiary of UltraTech Cement Limited. The company maintains its registered office at Dhun Building, 827, Anna Salai, Chennai. The ESG rating disclosure demonstrates the company's commitment to transparency in reporting its environmental, social and governance performance metrics to stakeholders and regulatory authorities.