December 25, 2024: UltraTech Cement Limited has communicated to the stock exchanges on 24^th December 2024 that the Company has completed acquisition of 10,13,91,231 equity shares representing 32.72% of the equity share capital of The India Cements Limited (“ICEM”), in accordance with Regulation 22(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This, together with the existing shareholding of 7,05,64,656 equity shares (22.77%) of the equity share capital of ICEM, has resulted in the Company’s shareholding increasing to 17,19,55,887 equity shares representing 55.49% of ICEM’s equity share capital.

Consequently, UltraTech has acquired sole control of ICEM and has become of the promoter of ICEM. ICEM has now become a subsidiary of the Company.

Link to the Stock Exchange Communication from UltraTech dated 24 December 2024: https://www.ultratechcement.com/content/dam/ultratechcementwebsite/pdf/stock-exchange-communication/India-Cement-Post-Acquisition-Reg-30.pdf

Link to the Stock Exchange Communication from The Indian Cements Limited dated 25 December 2024: https://www.indiacements.co.in/uploads/investor/pdf/3453646CHANGIPROMOTEDIRECTONDANAGEONTROL.pdf