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UltraTech Cement has announced that shareholders approved, via postal ballot, a material related party transaction between the company and its subsidiary, The India Cements Limited. The resolution passed with an overwhelming majority, securing over 99.9% votes in favor from shareholders who participated. This approval enables continued significant business dealings between UltraTech Cement and its subsidiary, which is important for operational integration and strategic alignment within the group, supporting streamlined cement manufacturing and distribution activities.