UltraTech Cement Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 19, 2025
ULTRACEMCO · price
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UltraTech Cement has notified the exchanges about its 25th Annual General Meeting scheduled for Tuesday, 19th August 2025 at 3:00 PM, to be held via video conferencing. Shareholders will vote on adopting the FY25 audited financial statements and declaring a dividend of ₹77.50 per equity share (face value ₹10) for the year ended 31 March 2025, with the record date set as 25 July 2025 and payment on or after 20 August 2025. The agenda also includes re-appointment of Mr. Krishna Kishore Maheshwari as Non-Executive Director, appointment of Mr. V. Chandrasekaran as Independent Director for five years, and appointment of Deloitte Haskins and Sells LLP as Joint Statutory Auditor for five years at ₹5 crore remuneration. The company is also seeking shareholder approval to amend its Memorandum and Articles of Association to expand its business scope into power generation (including renewable, thermal, and nuclear plants), electricity trading, multi-brand retail outlets for building solutions, and related diversification activities.
The ₹77.50 dividend represents a payout to eligible shareholders as on the 25 July 2025 record date. The proposed expansion into power and retail businesses signals UltraTech's intent to diversify beyond core cement, which could be viewed positively by long-term investors but may also invite scrutiny on capital allocation priorities.