UltraTech Cement Limited has disclosed the incorporation of a new associate company, UHG Holdings IFSC Private Limited, under Regulation 30 of SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026.

Key Details of the New Entity

  • Name: UHG Holdings IFSC Private Limited
  • Corporate Identification Number: U64910GJ2026PTC182701
  • Date of Incorporation: 20th August, 2026
  • Location: International Financial Services Centres (IFSC) at Gujarat International Finance Tec-City (GIFT City)
  • Turnover: Not applicable as it is a newly incorporated entity
  • Country of Operation: India (GIFT City, Gujarat)

Ownership Structure and Consideration

The subsidiary was incorporated jointly by three companies with the following shareholding pattern:

| Subscriber | Number of Shares | Face Value (₹) | Consideration (₹) | Shareholding % |

| UltraTech Cement Limited | 41,000 | 10 | 4,10,000 | 41% |

| Hindalco Industries Limited | 50,000 | 10 | 5,00,000 | 50% |

| Grasim Industries Limited | 9,000 | 10 | 90,000 | 9% |

Total Consideration: ₹10,00,000 for 100,000 shares of ₹10 face value each

Business Objectives and Regulatory Framework

  • Primary Object: To purchase, lease/sub-lease, charter, hire, own, operate aircraft, ships, ocean vessels, and other modes of transportation
  • Regulatory Framework: Governed by the International Financial Services Centres Authority Act, 2019 and International Financial Services Centres Authority (Finance Company) Regulations, 2021
  • Purpose: To strengthen the business and operational network of UltraTech Cement Limited

Regulatory Status and Approvals

  • Related Party Status: UHG Holdings has become a related party of UltraTech Cement Limited since Hindalco Industries Limited is a Promoter Group Company and Grasim Industries Limited is a Promoter Company
  • Government Approvals: UHG Holdings will seek approval from the International Financial Services Centres Authority (IFSCA)
  • Transaction Nature: The incorporation constitutes a related party transaction

Additional Information

  • Historical Financials: Not applicable as the entity is newly incorporated
  • Timeframe for Completion: Not applicable as the incorporation is already complete
  • Industry Classification: International Financial Services Centre entity operating under IFSCA regulations

The disclosure was signed by Dhiraj Kapoor, Company Secretary and Compliance Officer of UltraTech Cement Limited, on 21st August, 2026 at 17:51:12 IST.