Key Decision
The Finance Committee of the Board of Directors of UltraTech Cement Limited approved on 3rd August, 2026 the allotment of Non-Convertible Debentures amounting to ₹5,000 crore (rupees five thousand crore only) on a private placement basis.
Instrument Details
The company allotted 5,00,000 fully paid, unsecured, listed, rated, redeemable, rupee denominated, non-convertible, non-cumulative debentures of ₹1,00,000 each.
Series Breakdown
The ₹5,000 crore issuance is structured across three series:
Series I Debentures
- Issue Size: ₹1,500 crore
- Tenure: 2 years 6 months
- Date of Allotment: 3rd August, 2026
- Date of Maturity: 2nd February, 2029
- Coupon Rate: 7.22%
- Interest Payment Schedule: 3rd August, 2027; 3rd August, 2028; 2nd February, 2029
- Principal Payment: 2nd February, 2029
- Redemption: At par on 2nd February, 2029
Series II Debentures
- Issue Size: ₹1,500 crore
- Tenure: 3 years 6 months
- Date of Allotment: 3rd August, 2026
- Date of Maturity: 1st February, 2030
- Coupon Rate: 7.23%
- Interest Payment Schedule: 3rd August, 2027; 3rd August, 2028; 3rd August, 2029; 1st February, 2030
- Principal Payment: 1st February, 2030
- Redemption: At par on 1st February, 2030
Series III Debentures
- Issue Size: ₹2,000 crore
- Tenure: 5 years
- Date of Allotment: 3rd August, 2026
- Date of Maturity: 1st August, 2031
- Coupon Rate: 7.25%
- Interest Payment Schedule: 3rd August, 2027; 3rd August, 2028; 3rd August, 2029; 5th August, 2030; 1st August, 2031
- Principal Payment: 1st August, 2031
- Redemption: At par on 1st August, 2031
Security Features
- All debentures are unsecured (no charge/security created over assets)
- No special rights, interests, or privileges attached to the instruments
- No history of delay in payment of interest/principal beyond three months
- No defaults in payment of interest or principal
- No letters or comments regarding payment/non-payment issues
Listing Arrangements
All three series of debentures are proposed to be listed on the National Stock Exchange of India Limited.