UltraTech Cement has announced the grant of 1,521 stock options to eligible employees under its Employee Stock Option and Performance Stock Unit Scheme 2022. The Nomination, Remuneration and Compensation Committee of the Board of Directors approved this grant on February 3, 2026, as part of the company's employee incentive program.

Stock Option Grant Details

The grant comprises two distinct components designed to reward and retain talent within the organization. The allocation includes 1,381 regular stock options and 140 Performance Stock Units (PSUs), totaling 1,521 stock options.

Pricing and Exercise Terms

The pricing structure reflects current market conditions and regulatory requirements. Regular options are priced at Rs. 12,535 per option, determined based on the market price on February 2, 2026, in accordance with SEBI regulations. PSUs carry a nominal price of Rs. 10 per unit.

Vesting and Exercise Schedule

The scheme incorporates different vesting mechanisms for options and PSUs to align employee interests with long-term company performance. Regular options follow a graduated vesting schedule, while PSUs require completion of the full performance period.

Vesting Structure:

• Regular Options: 33% vesting annually over three years, with first vesting after one year from grant date
• Performance Stock Units: 100% vesting at the end of three years from grant date
• Exercise Period: Stock options must be exercised within five years from the date of vesting

This employee stock option grant demonstrates UltraTech Cement's commitment to employee retention and performance-based compensation. The scheme aligns with SEBI regulations and provides employees with long-term wealth creation opportunities tied to company performance.

UltraTech Cement Limited has informed stock exchanges about receiving two orders from GST authorities in Tamil Nadu related to alleged excess Input Tax Credit (ITC) claims. The disclosure was made on January 30, 2026, under Regulation 30 of SEBI's listing requirements.

GST Order Details

The cement manufacturer received both orders on January 29, 2026, from the Assistant Commissioner, State Goods and Services Tax, Trichy, Tamil Nadu. The orders pertain to different financial years and involve substantial tax demands along with interest and penalties.

Company's Response

UltraTech Cement has indicated its intention to contest both GST demands. The company has stated that it does not expect these orders to have any material financial impact on its operations. This suggests the management believes it has adequate grounds to challenge the allegations of excess ITC availment.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, with Company Secretary and Compliance Officer Dhiraj Kapoor signing the communication. The information was shared with BSE Limited, National Stock Exchange of India Limited, Luxembourg Stock Exchange, and Singapore Exchange, reflecting the company's multi-exchange listing status.

Financial Implications

The total tax demand across both orders amounts to Rs.15,25,91,008, with combined interest of Rs.9,28,50,218 and penalties matching the tax demands. However, the company's assertion that it expects no material financial impact indicates confidence in its legal position regarding the GST matters.