UltraTech Cement Limited has submitted the Exchange a copy of Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
ULTRACEMCO · price
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UltraTech Cement Limited received shareholder approval through a postal ballot for Material Related Party Transactions between the company and its subsidiary, The India Cements Limited. The ordinary resolution was passed with an overwhelming 99.99% of votes in favour (8.61 crore shares), with only 7,270 votes against. Total valid votes polled stood at 8.61 crore, representing 29.22% of outstanding shares. Public institutional investors voted 99.99% in favour, while public non-institutional investors supported it 99.92%. The promoter and promoter group, being the related party, did not participate in the voting. The e-voting was conducted between 28th May 2025 and 26th June 2025, with results declared on 27th June 2025.
This routine regulatory approval clears the way for UltraTech to continue material transactions with its subsidiary India Cements. The near-unanimous support from public shareholders signals strong confidence, and no negative impact on the stock is expected.