UltraTech Cement Ltd — Capital/Financing Update 2024

Jun 27, 2024

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27[th] June, 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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The Board of Directors of the Company at its meeting held today approved making a financial investment to purchase upto 7.06 crores equity shares of The India Cements Limited, a company incorporated under the Indian Companies Act, 1913, having its registered office at Dhun Building, 827, Anna Salai, Chennai 600 002, (“ICL”) at a price of upto Rs. 267/- per share. This non-controlling financial investment constitutes around 23% of the equity share capital of ICL.

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: 2024.06.27 08:55:31 +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

Annexure

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			Annexure
Sr.No	Particulars		Details
1.	Name of the Target Entity, details in brief such as size, turnover etc.		The India Cements Limited, a company incorporated under the Indian Companies Act, 1913 and having its registered office at Dhun Building, 827, Anna Salai, Chennai 600 002
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’		This 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.		Financial Investment
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		Upto Rs. 267/- per share
9.	Percentage of shareholding/control acquired and/or no of shares acquired		~23%
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)		The India Cements Limited Line of business: Manufacture and sale of cement. Date of incorporation:21.02.1946 Last three years turnover (Rs. crs) FY24: Rs. 5,112 FY23: Rs. 5,608 FY22: Rs. 4,858

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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