Voting results of Postal Ballot Notice dated 31.03.2026 through Remote e-voting process and Scrutinizer''s Report
INDIACEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Cements Ltd, a subsidiary of UltraTech Cement Limited, has successfully passed an Ordinary Resolution approving Material Related Party Transactions between the company and its holding company UltraTech Cement. The postal ballot voting took place from April 7 to May 6, 2026. Of the 4.70 crore votes polled, 99.99% were in favour (4.70 crore votes) while only 0.01% (3,480 votes) were against. Notably, the promoter group (UltraTech Cement) abstained from voting entirely with 0 votes polled, avoiding any conflict of interest as required for related party transactions. The resolution was passed with the requisite majority as certified by Scrutinizer Mrs. P.R. Sudha.
Shareholders have approved ongoing business transactions between India Cements and its parent UltraTech Cement. The abstention by promoters ensures the approval is independent, providing governance comfort to minority shareholders while allowing normal related party commercial dealings to continue.