UltraTech Cement has successfully completed a major capacity expansion project at its Aligarh facility, adding 2.7 million tonnes per annum (MTPA) to its production capabilities. This significant development marks an important milestone in the company's ongoing expansion strategy and reinforces its commitment to strengthening manufacturing operations across key markets.

Capacity Expansion Details

The completion of the Aligarh facility expansion represents a substantial addition to UltraTech Cement's production infrastructure. The following table summarizes the key details of this development:

Strategic Impact

The successful completion of this capacity expansion project enhances UltraTech Cement's manufacturing footprint in the northern Indian region. The additional 2.7 MTPA capacity at the Aligarh facility will enable the company to better serve growing market demand and strengthen its competitive position in the cement industry.

This expansion aligns with the company's broader growth strategy and demonstrates its commitment to investing in production capabilities across strategic locations. The Aligarh facility's enhanced capacity will contribute to UltraTech Cement's ability to meet increasing infrastructure and construction demands in the region.

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.