The India Cements Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
INDIACEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts less than Nifty Smallcap 250 and 0.2 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The India Cements Limited, a subsidiary of UltraTech Cement Limited, has announced the results of a Postal Ballot conducted through remote e-voting from 7th April to 6th May 2026. The resolution was for approving Material Related Party Transactions between the company and its holding company UltraTech Cement Limited. The Ordinary Resolution was passed with 99.99% votes in favor (4,70,81,492 shares) against only 0.01% votes against (3,480 shares). Notably, the Promoter and Promoter Group did not participate in the voting (0 votes polled), which is standard practice for related party transactions to avoid conflict of interest. The total voter turnout was 15.19% of outstanding shares.
The approval of related party transactions with UltraTech Cement ensures continued business dealings between the parent and subsidiary. The overwhelming public shareholder approval (without promoter participation) validates the fairness of the transaction terms.