UltraTech Cement Limited has informed the Exchange regarding Appointment of Mr Deloitte Haskins and Sells LLP as Other of the company w.e.f. August 19, 2025.
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's board approved its Q1 FY26 (quarter ended June 30, 2025) unaudited financial results. Consolidated revenue from operations rose 13% year-on-year to Rs 21,275 crore, while net profit jumped nearly 49% to Rs 2,221 crore, boosted by contributions from the Kesoram cement business merger, India Cements acquisition, and Wonder WallCare. The board recommended appointing Deloitte Haskins and Sells LLP as joint statutory auditor for a five-year term, to be approved by shareholders. It also approved the appointment of Mr. V. Chandrasekaran as an independent director from August 13, 2025, replacing Mr. Sunil Duggal, whose term ends the same day and who has opted not to seek re-appointment due to other commitments. Additionally, amendments to the Memorandum and Articles of Association were recommended for shareholder approval.
Strong Q1 earnings growth signals healthy demand and successful integration of recent acquisitions, likely to be viewed positively by investors. The addition of a Big-4 auditor (Deloitte) alongside existing joint auditors enhances audit credibility, while the smooth independent director transition reflects stable board governance.