India Cements Ltd

ESG Rating Details

• ESG Rating 62.1 assigned for FY2026 by SES ESG Research Private Limited.
• Rating reflects ESG performance as assessed by SES ESG.
• Agency: SES ESG Research Private Limited.

Change in contact email

• Old email investor@indiacements.co.in replaced by investor.indiacements@adityabirla.com, effective 13 August 2026.
• Stakeholders to use new email for all future correspondence; notice also on company website.

AGM Details

• AGM held on a date in August 2026 at 3:00 PM IST via VC/OAVM.
• Record date notified to shareholders for AGM eligibility.

Key Resolutions

• Adopt standalone financial statements and reports (ordinary resolution).
• Adopt consolidated financial statements and reports (ordinary resolution).
• Reappoint director retiring by rotation (ordinary resolution).
• Ratify remuneration payable to Cost Auditor for 2026-27 (ordinary resolution).

Voting Results

• Standalone financials passed with overwhelming in-favour; minimal opposition.
• Consolidated financials passed with overwhelming in-favour; minimal opposition.
• Director reappointment passed with about 97% in favour.
• Cost auditor remuneration ratified with about 99.998% in favour.

Director Changes

• Director retiring by rotation reappointed.

Auditor Actions

• Cost Auditor remuneration for FY 2026-27 ratified.

Performance and momentum

• FY2025-26 total income Rs 4,581 crore; profitability returned after integration with UltraTech.
• Company reversed prior-year losses; profitability achieved due to higher volumes and cost discipline.
• Installed capacity 14.75 MTPA with 70% utilization.
• Credit ratings upgraded to CARE AAA (Stable) long-term and CARE A1+ short-term.
• Q1 FY27: sales volume 2.58 million tonnes; EBITDA ₹159 crore; PAT ₹27 crore.
• Q1 FY27 profit turn positive: PAT ₹27 crore vs ₹133 crore loss year-ago.
• Migration of products to UltraTech brands improving procurement and efficiency.
• Sustainability focus: blended cement, renewable energy, WHRS aligned with UltraTech framework.
• Looking ahead: profitable, sustainable growth under UltraTech and Aditya Birla Group.

AGM Details

• Date: 10 August 2026; Mode: VC/OAVM; Time: 3:00 PM to 4:05 PM IST.
• Chair: presiding director.
• Registers available electronically; reports read; no adverse observations.
• Meeting concluded at 4:05 PM IST.

Key Resolutions

• Ordinary: Adoption of standalone financial statements and directors' and auditors' reports.
• Ordinary: Adoption of consolidated financial statements and auditors' report.
• Ordinary: Appointment of a director retiring by rotation and offering reappointment.
• Special: Ratification of remuneration payable to the cost auditor for the financial year.

Voting Status

• Results will be declared separately on company and stock exchange websites.
• Method: remote e-voting and AGM e-voting; 15-minute post-meeting window.

Director Changes

• Director retiring by rotation offered for reappointment.

Auditors

• Cost auditor remuneration ratification for the upcoming financial year.

Nominee Director change

• LIC nominates Tribhhuwan Adhikari as Nominee Director, replacing Gowd, term expiry 6 Aug 2026.
• Appointment effective 7 Aug 2026; subject to members' approval.
• Reason: LIC nomination to represent LIC on the Board.
• Profile: Tribhhuwan Adhikari, LIC Direct Recruit, 1989 batch; 30+ years in marketing/administration.
• Term: liable to retire by rotation.
• Cessation: Gowd ceased as Nominee Director from 6 Aug 2026.
• Relationship disclosures: None with other directors.
• Not debarred by SEBI or other authorities.

AGM and Annual Report access

• 80th AGM scheduled for 10 August 2026 at 3:00 PM IST via VC/OAVM.
• Annual report 2025-26 and AGM notice emailed to registered addresses; non-registered recipients directed to web link.
• Non-registered email holders will receive a weblink to access the annual report.
• Weblink to annual report: https://www.indiacements.co.in/uploads/investor/pdf/ANNUAL_REPORT_2026.pdf.
• Annual report and AGM notice also available on NSDL, BSE, and NSE websites.
• Regulatory basis: SEBI LODR Regulation 36(1)(b) for emailing to non-registered addresses.

Business overview

• Cement producer focused on domestic markets; subsidiary of UltraTech Cement Limited.
• Q1FY27 highlights include 2.58 MT domestic volume and Rs 3,847/ton net realisation.
• Capex plan of Rs 2,000 Cr approved; Rs 1,553 Cr committed till June 2026.
• Expansion of capacity by 2.8 Mtpa; upgrade to 6-stage preheaters and cooler.

Key operational highlights

• Domestic cement volume 2.58 MT; EBITDA Rs 159 Cr; up 72% YoY.
• Power and fuel mix shifting; WHRS and renewable expansion; 24 MW WHRS, 263 MW RE.
• ESG initiatives: safety standards, employee engagement, rural community programs.
• ESG roadmap targets: 80% green power by FY29.

Financial performance

• Net sales Rs 1,013 Cr; QoQ decline of ~0.8%; YoY roughly flat.
• Operating EBITDA Rs 159 Cr; margin improvement driven by operating leverage.
• PAT before exceptional Rs 52 Cr; PAT after exceptional Rs 27 Cr.
• Consolidated net debt Rs 1,540 Cr; up from Rs 1,271 Cr.
• Total fixed assets 11,913 Cr; shareholder funds Rs 10,152 Cr.

Capital structure & liquidity

• Net debt rose to Rs 1,540 Cr; liquidity specifics not disclosed.
• Commitments: Rs 1,553 Cr of capex committed to June 2026; approved Rs 2,000 Cr.
• No new debt instrument or rating action disclosed.

Strategic priorities & outlook

• Scale green power mix (RE+WHRS) from 6% to 80% by FY29.
• Expand cement capacity by 2.8 Mtpa; pursue process upgrades and energy efficiency.
• Continued focus on cost optimization and operating leverage.