UltraTech Cement Limited has informed the Exchange regarding 'Company Update: Settlement Proceedings '.
ULTRACEMCO · price
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UltraTech Cement informed the exchanges about the resolution of its long-pending dispute with Jaiprakash Associates Limited (JAL) related to the acquisition of certain cement plants. Under a 2017 Scheme of Arrangement approved by NCLT, UltraTech had placed 1,00,000 Series A Redeemable Preference Shares (face value Rs. 1 lakh each, totalling Rs. 100 crore) in escrow, to be released upon satisfaction of conditions for the Dalla Super unit and mines in Uttar Pradesh. Disputes over these conditions were sent to arbitration, and on 26th March 2026, the Arbitral Tribunal passed a final award in a settlement. As a result, full rights and interests in the Dalla Super unit and mines now vest with UltraTech, and all claims, proceeds, and liabilities tied to the Series A RPS stand fully discharged.
Positive for shareholders — UltraTech has secured full ownership of the Dalla Super cement unit and associated mines in UP, removing a multi-year overhang, while the Rs. 100 crore RPS liability is also fully written off. This strengthens UltraTech's capacity in the northern market with no further contingent obligations on this front.