ACC Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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ACC Limited has announced the results of a postal ballot conducted between March 3 and April 1, 2026. Two ordinary resolutions were passed: (1) Approval of material related party transactions with Ambuja Cements Limited for FY 2026-27, which passed with 83.70% in favor (16.30% against) out of 46.28 million votes polled; and (2) Approval of material related party transactions with Orient Cement Limited for FY 2026-27, which passed with 99.99% in favor out of 46.28 million votes polled. The voting participation was 24.64% of total equity capital. Notably, Resolution 1 saw significant opposition from public institutional shareholders, with the promoter group voting heavily in favor but public institutions showing higher dissent.
Both related party transactions with Ambuja Cements and Orient Cement have been approved by shareholders. Resolution 1 had notable opposition (16.30%) which may attract regulatory or market scrutiny, while Resolution 2 passed with near-unanimous approval. This enables ACC to continue business transactions with its related parties in FY 2026-27.