31 Mar Annual Report UltraTech Cement Limited. 1 ⊲. NOTICE. NOTICE is hereby given that the Twelfth. Annual General Meeting of. 31 Mar UltraTech is among the top global cement .. on this Annual Report is without the financial year ending 31st March, , subject to. 18 Jul Annual Report UltraTech Cement Limited. 2. NOTICE OF ANNUAL GENERAL MEETING provisions of the Securities and Exchange.

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The safety of the people working for and on behalf of your Company is an integral part of business. The details of program for familiarization of Independent Directors of your Ultrtech are available on your Company”s website viz. Rajiv Dube resigned as directors from the Board of your Company with effect from 20 th July, It is also accessible from your Company”s website www.

Your Company is committed to sustainable development and looks at new ways to preserve the environment and manage resources responsibly.

Directors Report of UltraTech Cement Ltd.

The stronger momentum experienced in is expected ultratecn carry into andwith global growth rising to 3. Net profit is also impacted on account of an additional interest charge of Rs, crores and depreciation of Rs, crores related to acquired assets. The capex pertains to a number of projects. These are focused on development of new products and processes that create value for its customers.

Directors Report of UltraTech Cement Ltd. Company

All related party transactions have been approved by the Audit Committee of your Company. Ulltratech year figures have been recasted so as to include Samruddhi’s figures for the period 1st July, to 31st March, Puranmalka, Whole-time Director of your Company has been re-designated as Managing Director with effect from 1st September, Nonetheless, the Government’s focus on inclusive growth and infrastructure together with enhanced capital allocation towards infrastructure in the 12th Five year plan augurs well for the industry.

Misra during his tenure as Managing Director of your Company. However, you can change your cookie settings at any time. Transfer to general Reserve: The vigil mechanism is available on your Company”s website viz.


Your Company has in place a vigil mechanism for Directors and employees to report instances and concerns about unethical behavior, actual or suspected fraud or violation of your Company”s Code of Conduct. Consequent to the demerger of Grasim”s cement business into Samruddhi Cement Limited “Samruddhi” and the amalgamation of Samruddhi with your Company, your Company was substituted as the joint venture partner in place of Grasim.

Jhaveri resigned from the Board of your Company with effect from 4th April, The dividend distribution would result in a cash outgo cemenh Rs.

UltraTech Cement Directors Report | UltraTech Cement Director Details – The Economic Times

During the year, 1, Stock Options have vested in eligible employees. The rapid ramp-up of manufacturing units and markets was the highlight of our people effort.

However, the stimulus packages announced by the Government together with the initiatives for boosting rural development, infrastructure and housing aided in the revival of the economy. During the year under review, your Company was in compliance with the provisions of Clause 49 of the Listing Agreement with the stock exchanges relating to corporate governance.

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Regardless, the sector could face some reoort in the form of higher fuel prices that could have a negative impact on margins. During the year, your Company added greater employee talent through seamless integration of acquired assets. The Indian economy witnessed challenging times as a result of high cost of credit and fall in capital markets that stoked the sluggishness in the economy.

Towards this end, your Company has developed premium products that aid in limestone deposits and clinker conservation, energy savings, ensuring enhanced concrete durability and maintaining top product attributes and functionality. This enabled your Company to further consolidate its position in the domestic cement industry. Increase in Working Capital: There are no material transactions with any related party as defined under Section of the Act read with the Companies Meetings of Board and its Powers Rules, During the year, your Company”s Board of Directors approved the setting up of a wnnual.

Notable initiatives for the current year include the rollout of the Employee Value Proposition and the Career Portal Platform to provide visibility of career opportunity to the employees. It is supported by state-of-the-art equipment set in a one-of-a-kind brand new technology-led environment and seeks advances in products, processes and applications in your Company’s products mineralogy, clinkerisation and concrete.


A separate section on Corporate Governance together with a certificate from your Company s Statutory Auditors forms a part of this Annual Report. Puranmalka has also been appointed as Whole-time Director of your Company with effect from 1st April, on retirement of Mr. Cash profit was higher at Rs. Kumar Mangalam Birla and Mr. The industry recorded a growth of approximately 5.

Depreciation for the year at Rs, 1, crores is higher by Rs, crores over the previous year, mainly on account of the acquired assets and capitalisation of new assets commissioned.

The observations made in the Auditor”s Report are self-explanatory and therefore, do not call for any further comments under Section 3 f of the Act. To mitigate the impact of rising fuel prices, your Company was engaged in a cost control program leading to the following efficiencies:.

The capital expenditure during the next financial year is expected to be approximately Rs, 2, crores, mainly for capacity expansion projects, regulatory requirements, plant infrastructure and routine maintenance. Transfer to general Reserve: The financial statements reflect fairly the form and substances repoft transactions carried out during the year under review and reasonably present your Company’s financial condition and results of operations.

Your Company continues to maximise use of industrial waste, alternative sources of fuel and chemical and mineral evaluation of captive limestone reserves. This acquisition will raise your Company’s cement capacity in India from Information on conservation of energy, technology absorption and foreign exchange earnings and outgo, required to be disclosed pursuant to Section 3 m of the Act read with the Companies Accounts Rules, is given in Annexure V to this Report.

Safety of the people working for and on behalf of your Company is an integral part of business. There are no material transactions with any related party as defined under Section of the Act read with the Companies Meetings of Board and its Powers Rules, Adesh Gupta and Prof.