UltraTech Cement Ltd — Capital/Financing Update 2024

Dec 27, 2024

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27[th] December, 2024 BSE Limited The Manager Corporate Relationship Department Listing Department Phiroze Jeejeebhoy Towers, The National Stock Exchange of India Limited Dalal Street, “Exchange Plaza”, Bandra-Kurla Complex, Mumbai 400 001. Bandra (East), Mumbai 400 051. Tel.: 22721233/4 Tel.: 26598236 Fax: 022 2272 2039 Fax: 2659 8237 / 38. Scrip Code: 532538 Scrip Code: ULTRACEMCO

Dear Sirs,

Sub: Investment in equity share capital

Ref.:

• a. Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)

• b. ISIN: INE481G01011

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Some promoter and promoter group entities of Star Cement Limited, a company incorporated under the Companies Act, 1956, having its registered office at Village Lumshnong, Dist.: East Jaintia Hills, Khaliehriat, Meghalaya – 793210 (“Star Cement”), propose to sell their equity holding in Star Cement and have approached the Company for the same.

The Board of Directors of the Company at its meeting held today considered the proposal and approved making an investment to acquire non-controlling minority stake upto 3.70 crores equity shares of Star Cement at a price not exceeding Rs. 235/- per share, excluding STT; stamp duty and other levies.

Disclosure as required is provided in the attached Annexure.

The said Board meeting commenced at 8.15 am and concluded at 8.45 am.

The above is for your information and record, please.

Thanking You,

Yours faithfully For UltraTech Cement Limited

Digitally signed by SANJEEB SANJEEB KUMAR KUMAR CHATTERJEE CHATTERJEE Date: 2024.12.27 08:48:51 +05'30' Sanjeeb Kumar Chatterjee Company Secretary

Luxembourg Stock Exchange Singapore Exchange BP 165 / L – 2011 Luxembourg 11 North Buona Vista Drive, Scrip Code: #06-07 The Metropolis Tower 2, US90403E1038 and US90403E2028 Singapore 138589 ISIN Code: US90403YAA73 and USY9048BAA18

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UltraTech Cement Limited

Registered Office : Ahura Centre, B – Wing, 2[nd] Floor, Mahakali Caves Road, Andheri (East), Mumbai 400 093, India T: +91 22 6691 7800 / 2926 7800 I F: +91 22 6692 8109 I W: www.ultratechcement.com/www.adityabirla.com I CIN : L26940MH2000PLC128420

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Annexure

				Annexure
Sr.No	Particulars		Details
1.	Name of the Target Entity, details in brief such as size, turnover etc.		Star Cement Limited, a company incorporated under the Companies Act, 1956, having its registered office at Village Lumshnong, Dist.: East Jaintia Hills, Khaliehriat, Meghalaya – 793210 Turnover as on 31stMarch, 2024: Rs. 2,910.66
2.	Whether the acquisition would fall within related party transactions(s) and whether the promoter / promoter group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at ‘arm’s length’		The proposed acquisition of non-controlling minority stake is not a related party transaction.
3.	Industry to which the entity being acquired belongs		Cement
4.	Objects and effects of acquisition (including but not limited to disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity.		Non-controlling minority stake.
5.	Brief details of any government or regulatory approvals required for the acquisition		Not Applicable
6.	Indicative time period for completion of acquisition		One month
7.	Nature of consideration whether cash consideration or share swap and details of the same		Cash
8.	Cost of acquisition or the price at which shares are acquired		Not exceeding Rs. 851.00 crores, excluding STT; stamp duty and other levies
9.	Percentage of shareholding/control acquired and/or no of shares acquired		~ 8.69%
10.	Brief background about the entity acquired/terms of product acquired/line of business acquired, date of incorporation. History of last three years turnover, country in which acquired entity has presence and any other significant information (in brief)		Star Cement Limited Line of business: Manufacture and sale of cement. Date of incorporation: 2ndNovember, 2001 Last three years turnover: (Rs. crs) FY24: Rs. 2,910.66 FY23: Rs. 2,704.84 FY22: Rs. 2,221.81

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UltraTech Cement Limited

Registered Office : Ahura Centre, B – Wing, 2[nd] Floor, Mahakali Caves Road, Andheri (East), Mumbai 400 093, India T: +91 22 6691 7800 / 2926 7800 I F: +91 22 6692 8109 I W: www.ultratechcement.com/www.adityabirla.com I CIN : L26940MH2000PLC128420