UltraTech Cement Limited has informed the Exchange regarding 'Report from the Audit Committee and Independent Directors of the Company certifying distribution of proceeds to eligible shareholders of fractional shares pursuant to the Composite Scheme of Arrangement between Kesoram Industries Limited and UltraTech Cement Limitedand their respective shareholders and creditors ( Scheme )'.
ULTRACEMCO · price
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Awaiting price reaction for this filing.
UltraTech Cement has confirmed that the proceeds from selling 35,377 fractional shares — arising from its composite scheme of arrangement with Kesoram Industries — have been fully distributed to eligible shareholders. Under the NCLT-approved scheme (effective 1st March 2025), UltraTech had allotted 59,74,301 equity shares to Kesoram shareholders. The fractional shares were sold in the open market at an average price of Rs. 11,610.12, generating gross proceeds of about Rs. 41.07 crore, of which Rs. 40.89 crore (net of TDS) was distributed on 4th June 2025. Both the Audit Committee and Independent Directors have certified that the distribution was completed in line with the scheme and SEBI norms.
This is a routine post-scheme compliance filing confirming the final step of the Kesoram demerger has been wrapped up. No material new information for shareholders; no expected impact on the UltraTech stock price.