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 shareholders approved Material Related Party Transactions with UltraTech Cement Limited (the Holding Company) through a postal ballot conducted via remote e-voting from April 7 to May 6, 2026. A total of 673 members participated, casting 4,70,84,972 votes representing 15.19% of total outstanding shares. The resolution passed with 99.99% in favour (4,70,81,492 votes) and only 0.01% against (3,480 votes). Promoter group did not vote on the resolution (conflict of interest). The scrutinizer, Mrs. P.R. Sudha, verified the voting process and confirmed the ordinary resolution was passed on May 6, 2026.
The overwhelming shareholder approval indicates confidence in the related party transaction terms. The promoter group abstaining due to conflict of interest follows proper governance norms, reducing regulatory scrutiny risk on this transaction.