UltraTech Cement Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
ULTRACEMCO · price
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On the reaction day the stock moved in line with Nifty 100 and 0.5 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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UltraTech Cement reported strong consolidated Q1 FY26 results, with revenue from operations rising to ₹21,275 crore from ₹18,819 crore in Q1 FY25 (restated to include Kesoram's cement business). Net profit jumped nearly 49% to ₹2,221 crore versus ₹1,493 crore a year ago, while operating margin expanded sharply from 16% to 21% and net profit margin improved from 8% to 11%. On a standalone basis, revenue grew to ₹19,635 crore with net profit of ₹2,232 crore. The Board approved the appointment of Deloitte Haskins and Sells LLP as a new Joint Statutory Auditor for a five-year term starting from the 25th AGM, alongside existing auditors BSR & Co. LLP and KKC & Associates LLP. The Board also recommended adopting a new Memorandum of Association under Table A of the Companies Act, 2013, and amendments to the Articles of Association, both subject to shareholder approval. Additionally, V. Chandrasekaran was appointed as an independent director for five years, while Sunil Duggal will step down upon completing his term in August 2025.
The sharp jump in profit and operating margins signals strong pricing power and operational leverage, which is positive for shareholders. The addition of a Big-4 auditor (Deloitte) as a joint statutory auditor may further strengthen governance credibility. The MOA/AOA amendments and leadership changes are routine corporate housekeeping items requiring shareholder approval at the upcoming AGM.