India Cements discloses outcome of postal ballot under SEBI LODR Reg. 44(3) for shareholder approval of material related party transactions with holding company UltraTech Cement.
Shareholders passed the ordinary resolution via remote e-voting from April 7 to May 6, 2026, with 99.99% votes in favor representing 47.08 million shares.
The scrutinizer's report confirms 673 shareholders participated in e-voting, with only 17 shareholders voting against the resolution representing 3,480 shares.
The resolution was deemed passed on May 6, 2026, with promoter group voting 232.42 million shares in favor and institutional public shareholders showing 92.25% participation rate.