UltraTech Cement Limited — Others, 13-03-2025: Options to purchase securities

UltraTech Cement Limited has announced a board meeting to discuss updates on the composite scheme of arrangement with Kesoram Industries Limited. The company has allotted 59,74,301 equity shares to Kesoram shareholders, reflecting a ratio of one share for every 52 shares held. Additionally, it issued 54,86,608 non-convertible redeemable preference shares and 8,64,275 preference shares in exchange for Kesoram's preference shares. Following this allotment, the total paid-up capital of UltraTech stands at Rs. 13,781.86 crore, consisting of various classes of shares. This move enhances UltraTech's capital structure and may be seen as a strategic step to integrate assets, potentially fostering long-term growth, which could positively influence investor sentiment.