UltraTech Cement Limited, the promoter of india cements , has confirmed that it has not created any encumbrance on shares directly or indirectly during the financial year ended 31 March 2026. The disclosure, submitted to BSE Limited and the National Stock Exchange of India Limited, is pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulation, 2011. This regulation requires promoters of target companies to declare annually that they, along with persons acting in concert, have not made any encumbrance other than those already disclosed.

Regulatory Disclosure

The confirmation from UltraTech Cement Limited covers the financial year ended 31 March 2026. The company stated that neither it nor any persons acting in concert with it have made any encumbrance, directly or indirectly, during this period. The disclosure is intended for the information and record of the stock exchanges and the Audit Committee of India Cements Limited.

Submission Details

The communication was addressed to the Corporate Relationship Department of BSE Limited and the Listing Department of the National Stock Exchange of India Limited. The letter was signed by Dhiraj Kapoor, Company Secretary and Compliance Officer of UltraTech Cement Limited, on behalf of the company.

india cements has agreed to acquire a 12.48% equity stake in FPEL Services Private Limited for an investment of up to ₹10.78 crore. The acquisition is aimed at securing a dedicated renewable energy supply to optimise power costs and meet regulatory requirements for captive consumption. The company entered into an Energy Supply Agreement and a Share Subscription and Shareholders Agreement to facilitate the transaction, which was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on June 10, 2026.

FPEL Services Private Limited is a special purpose vehicle engaged in the generation and transmission of renewable energy, specifically wind power. The entity will supply 14 MW AC of wind power on a captive basis to India Cements' plants located in Tamil Nadu. The power will be sourced from a wind project situated at Karur village in the state of Tamil Nadu. The target entity was incorporated on December 14, 2022, and has reported nil turnover over the last three years.

The transaction is structured as a cash consideration and does not qualify as a related party transaction. The company confirmed that its promoters, promoter group, or other group companies hold no interest in the entity being acquired. The acquisition is intended to help the company comply with electricity laws regarding captive power consumption while supporting its green energy objectives.

The completion of the acquisition is anticipated within 180 days from the execution of the agreements. No specific governmental or regulatory approvals were listed as prerequisites for the deal in the filing. The registered office of FPEL Services Private Limited is located at Plot No N46, House No 4-9-10 HMT Nagar, Hyderabad, Telangana.

Key Details of the Acquisition