UltraTech Cement Limited has formally published newspaper advertisements regarding its postal ballot notice seeking shareholder approval for material related party transactions with subsidiary The India Cements Limited (ICEM), aggregating up to Rs 9,820 crore for financial year 2026-27. The company notified stock exchanges on May 1, 2026, about the advertisement publication in multiple newspapers.

Stock Exchange Communication

Company Secretary Dhiraj Kapoor informed BSE Limited and National Stock Exchange of India Limited about the newspaper advertisement publication. The advertisements were published in Business Standard (All India Edition in English), The Free Press Journal (Mumbai Edition in English), and Navshakti (Mumbai Edition in Marathi).

E-Voting Process Details

The postal ballot notice seeks approval through remote e-voting for material related party transactions between the company and ICEM. KFin Technologies Limited serves as the Registrar and Transfer Agent to facilitate the electronic voting process.

Transaction Overview

The proposed transactions worth Rs 9,820 crore cover various operational activities including purchase and sale of goods and services, corporate guarantees, inter-corporate deposits, and sharing of personnel. UltraTech holds 74.99% of ICEM's paid-up equity share capital, making it a subsidiary under Listing Regulations.

Regulatory Compliance

The materiality threshold for seeking shareholder approval has been calculated at Rs 4,184.59 crore based on the company's annual consolidated turnover exceeding Rs 40,000 crore. The proposed transactions represent 11.24% of UltraTech's annual consolidated turnover of Rs 87,383.52 crore for FY 2025-26.

Members can access the postal ballot notice on the company's website at www.ultratechcement.com , KFin's website at www.evoting.kfintech.com , and stock exchange websites. The Audit Committee, comprising all independent directors, has reviewed and approved the proposed transactions, ensuring adherence to arm's length pricing principles.

Source: None/Company/INE481G01011/95430ea278df4f89.pdf

UltraTech Cement Limited has delivered strong financial performance for the quarter and year ended March 31, 2026, demonstrating robust operational efficiency and growth across key business segments. The company published its consolidated audited financial results on April 28, 2026, and subsequently released the Q4 FY26 earnings call transcript on May 1, 2026, under Regulation 30 of SEBI regulations.

Financial Performance Overview

The cement major reported impressive consolidated financial results for both the quarter and full year ended March 31, 2026. The company's operational performance reflected strong market positioning and effective business execution, with consolidated sales volumes crossing 44 million tons in Q4 FY26.

Strategic Milestone Achievement

During the earnings call conducted on April 27, 2026, management highlighted that UltraTech crossed 200 million tons of cement production capacity in India, becoming the first company to achieve this milestone in a single country outside of China. The company reached 100 million tons in 2019 and completed the journey from 150 million to 200 million tons in less than 2 years, a full year ahead of targets.

Key Financial Ratios and Metrics

The company maintained strong financial health with improved key performance indicators across multiple parameters. The debt-equity ratio improved to 0.28 times in FY26 from 0.31 times in FY25, indicating better capital structure management.

Acquisition Integration Progress

Management reported significant progress in integrating acquired assets. Brand migration for both India Cements and Kesoram was completed 100% by March 2026, ahead of schedule. India Cements achieved EBITDA of ₹497 per ton in Q4 FY26, up from ₹333 per ton in Q2 FY26, with the company targeting over ₹1,000 per ton by fiscal 2028 through efficiency improvements and capacity expansion investments totaling ₹1,992 crores.

Market Outlook and Dividend Declaration

The Board of Directors recommended a dividend of ₹240 per share for FY26, representing a significant increase from previous years. The company expects sustainable volume growth of 7% to 8% per annum, supported by India's structural growth drivers including urbanization, infrastructure development, and housing demand. Management acknowledged near-term headwinds from the West Asia conflict affecting fuel costs and packaging materials but expressed confidence in managing through the environment with their scale-driven cost efficiency and 1.8 gigawatt green energy platform.

Regulatory Compliance and Disclosure

The earnings call transcript was published on May 1, 2026, in compliance with Regulation 30 of SEBI regulations and is available on the company's website at www.ultratechcement.com . The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on April 27, 2026, with all pertinent disclosures made to BSE, NSE, Luxembourg Stock Exchange, and Singapore Exchange. The document was digitally signed by Company Secretary and Compliance Officer Dhiraj Kapoor on May 1, 2026.