Orient Cement Limited filed the transcript of its Q4 FY'26 earnings conference call under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, with the document uploaded on the company's official website at www.orientcement.com . The filing, dated May 10, 2026, was addressed to both BSE Limited and the National Stock Exchange of India Limited, and was executed by Pranjali Dubey, Company Secretary and Compliance Officer. The call, held on May 04, 2026, covered the audited financial results for the quarter and financial year ended March 31, 2026, and was hosted by JM Financial Institutional Securities Limited. The earnings call was a joint session covering Ambuja Cements, ACC Ltd, and Orient Cement, with Orient Cement currently under process of amalgamation with Ambuja Cements as part of the One Cement platform initiative.

Ambuja Consolidated: Record Annual Performance

Vinod Bahety, Chief Executive Officer of Ambuja Cements, opened the call by highlighting FY'26 as a year of resilience for the Indian cement sector, marked by industry consolidation, GST 2.0 reforms, adverse weather conditions, global geopolitical factors, and state elections. Against this backdrop, Ambuja delivered its highest-ever annual sales volume. Key consolidated financial highlights for FY'26 are presented below:

The company added 10.7 million tonnes of new grinding capacity during the year at locations including Marwar, Farakka, Sankrail, Sindri, and Krishnapatnam, along with additional clinker capacity of 7 million tonnes at Jodhpur and Bhatapara. The company remains debt-free with the highest credit rating. Trade sales volume grew 10% for the year, while premium cement accounted for 35% of trade sales, reflecting sustained progress on premiumization.

Cost Structure and Q4 Pressures

The Q4 FY'26 quarter saw cost pressures emerge from multiple fronts. Management acknowledged that the full-year cost of ₹4,400 per tonne was approximately 10% higher than the company's own target, with the March quarter cost settling at ₹4,500 per tonne. Key cost drivers and the Q4 cost breakdown are outlined below:

Management attributed the elevated costs to higher freight costs due to increased sale lead distances, additional goods tax in states like Himachal Pradesh, higher packing costs from the West Asia conflict, elevated fuel and heat consumption (particularly at acquired assets), higher branding and sales promotion costs linked to the trade sales push, and higher repairs and maintenance expenditure at Penna and Sanghi plants. Bahety noted that the acquired assets of Sanghi and Penna continued to operate below desired efficiency levels, with Sanghi at approximately 57% cement capacity utilization and Penna at approximately 46%.

Capacity Utilization and Integration Status

Management provided utilization targets for FY'27 across the portfolio, with Orient Cement noted as operating at full capacity. The amalgamation of Sanghi Industries and Penna Cement with Ambuja Cements has been completed, while ACC and Orient Cement amalgamations are under process.

Karan Adani, Director – Ambuja Cements, acknowledged that the company's capex execution had not met its own standards, citing incorrect contractor selection, delayed team formation post-acquisition, and projects initiated without complete engineering. He confirmed that the company would complete all ongoing projects before commencing new ones.

FY'27 Outlook: Cost Reduction and Capacity Plans

Management outlined a focused roadmap for FY'27, centered on cost reduction, operational stabilization, and disciplined capital allocation. Key forward-looking operational parameters are as follows:

Bahety indicated that Q1 FY'27 costs are expected to remain flattish at approximately ₹4,500 per tonne, with reductions accelerating through subsequent quarters to achieve the full-year average reduction of ₹250 per tonne. Karan Adani confirmed that the INR250 per tonne reduction over each of the next two years is the minimum commitment, and that the earlier long-term cost target of ₹3,650 per tonne has not been abandoned — only the timeline has been extended. The company's capacity expansion timeline for the 155 million tonne target has been revised to approximately FY'30, from earlier projections.

Filing and Compliance Details

The regulatory submission details for the transcript filing are as follows:

The transcript filing follows the earlier submission of the investor presentation titled 'Operational & Financial Highlights' and the audio recording of the analysts/investors call, both filed on May 04, 2026. Together, these disclosures form part of Orient Cement's ongoing compliance with regulatory disclosure requirements, ensuring timely dissemination of material information to investors and market participants.

Orient Cement Limited has announced a fresh three-day investor and analyst interaction program scheduled for May 11-13, 2026, spanning three cities — Pune, Mumbai, and Kolkata. The company has formally notified both BSE Limited and National Stock Exchange of India Limited about this engagement under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was filed on May 06, 2026, and signed by Company Secretary and Compliance Officer Pranjali Dubey.

Official Regulatory Filing Details

The company submitted formal intimation to both major stock exchanges with complete event details. The key filing parameters are outlined below:

Roadshow Schedule and Format

The non-deal roadshow will span three consecutive days across different cities, featuring both individual and group meeting formats. Each session is scheduled from 10.00 am to 06.00 pm local time, providing extensive engagement windows for investors and analysts.

Compliance and Information Disclosure

Orient Cement Limited has emphasized strict adherence to regulatory guidelines regarding information sharing during investor interactions. The company has explicitly stated in its official filing that all discussions will be based solely on publicly available information, ensuring complete compliance with disclosure norms.

Key compliance highlights include:

• No unpublished price sensitive information will be disclosed
• All interactions will follow SEBI regulatory requirements
• Complete transparency in scheduling and format disclosure
• Formal notification submitted to both BSE and NSE
• Digital signature authentication by Company Secretary

Investor Engagement Strategy

The multi-city, three-day format allows for comprehensive engagement with diverse stakeholder groups across key financial hubs. The combination of one-on-one meetings and group discussions provides flexibility for different types of investor interactions, from detailed individual consultations to broader market presentations. The roadshow information has been made available on the company's official website at www.orientcement.com , ensuring broader accessibility for interested stakeholders.