UltraTech Cement Receives GST Order Worth Rs 13 Crore from Ujjain Authority

UltraTech Cement , one of India's leading cement manufacturers, has recently received a Goods and Services Tax (GST) demand order from the Additional Commissioner, CGST & Central Excise, Ujjain. The order confirms a GST demand totaling approximately Rs 13 crore.

GST Demand Details

According to the company's disclosure, the GST demand order includes the following components:

Particulars	Amount (in Rupees)
GST Demand	6.49
Interest	6.49
Penalty	6.49
Total Demand	Approx. 13.00

Nature of the GST Demand

The GST demand pertains to Reverse Charge Mechanism (RCM) on Stamp Duty and Registration Fees paid by the company for executing a lease deed. This suggests that tax authorities believe UltraTech Cement should have paid GST on these expenses under the reverse charge mechanism.

Company's Response

UltraTech Cement has stated that it is currently reviewing the order. The company's official statement mentions that it "will decide on further course of action" regarding this matter. Despite the substantial figures involved, the company asserts that "there is no material financial impact on the Company" from this order.

Next Steps

As the company reviews the details of the demand, stakeholders will be watching closely for any updates on potential appeals or further clarifications from UltraTech Cement.

The company's handling of this tax matter will be crucial for maintaining investor confidence and ensuring compliance with regulatory requirements. As this situation develops, UltraTech Cement is expected to provide further updates to its shareholders and the market regulators.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.15%	-1.10%	-2.77%	+3.22%	+5.48%	+136.23%

UltraTech Cement Limited , a prominent player in the Indian cement industry, has announced an employee incentive program through its Employee Stock Option and Performance Stock Unit Scheme 2022. The company's Nomination, Remuneration and Compensation Committee has approved the grant of 549 stock options to eligible employees, demonstrating its commitment to aligning employee interests with company performance.

Stock Option Details

Type	Number	Exercise Price	Vesting Period	Exercise Period
Options	498	Rs. 11,999.00	33% annually over 3 years	Within 5 years from vesting
Performance Stock Units (PSUs)	51	Rs. 10.00	100% after 3 years	Within 5 years from vesting

Key Highlights

Total Grant: 549 stock options, comprising 498 regular options and 51 Performance Stock Units (PSUs)
Pricing: The exercise price for regular options is set at Rs. 11,999.00 per option, based on the market price as of October 29, 2025
Vesting Schedule: Regular options will vest in three equal annual installments of 33% each, starting one year from the grant date
PSU Specifics: PSUs are priced at Rs. 10.00 per unit and will vest 100% after a three-year period

This strategic move by UltraTech Cement aligns with industry practices for employee retention and motivation. By offering both regular stock options and performance-based units, the company creates a balanced incentive structure that rewards both loyalty and performance.

The differentiated pricing between regular options and PSUs reflects their distinct purposes. While the market-priced options provide a direct link to the company's stock performance, the nominal pricing of PSUs emphasizes long-term performance goals.

This grant under the UltraTech Cement Limited Employee Stock Option and Performance Stock Unit Scheme, 2022, underscores the company's focus on fostering a culture of ownership among its employees. It also demonstrates UltraTech's commitment to creating long-term value for both its employees and shareholders.