India Cements has submitted its quarterly dematerialization certificate to regulatory authorities for the quarter ended March 31, 2026. The certificate was filed under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Regulatory Compliance and Filing Details

The company addressed the certificate to both major depositories in India - National Securities Depository Limited and Central Depository Services (India) Limited, both located in Mumbai. The document was signed by Krishnagopal Ladsaria, Chief Financial Officer of The India Cements Limited, on April 8, 2026.

Dematerialization Process Confirmation

India Cements confirmed that Integrated Registry Management Services Private Limited, Chennai, serving as the company's Registrar and Share Transfer Agent, has completed the required verification processes. The registrar has cancelled the certificates of securities received for dematerialization and updated the company records accordingly.

Stock Exchange Notifications

The company has forwarded the dematerialization details to both stock exchanges where its shares are listed. The securities have been confirmed as listed on both exchanges.

Record Management Updates

As part of the dematerialization process, the name of the respective Depository has been substituted as the registered owner in the company's records. This standard procedure ensures proper tracking and management of dematerialized securities in accordance with regulatory requirements.

The submission represents routine compliance with SEBI regulations governing the dematerialization of securities and maintains transparency in the company's share transfer and registry management processes.

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.