General Announcement::Update on the Composite Scheme of Arrangement

Issuer & Securities

Issuer/ Manager
ULTRATECH CEMENT LIMITED
Securities
ULTRATECHUS$400M2.8%N310216A - US90403YAA73 - MTZB
ULTRATECHUS$400M2.8%N310216R - USY9048BAA18 - WQ5B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Feb-2025 20:05:23
Status
New
Announcement Sub Title
Update on the Composite Scheme of Arrangement
Announcement Reference
SG250225OTHR2EHS
Submitted By (Co./ Ind. Name)
Sanjeeb Kumar Chatterjee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Dear Sirs,
We refer to our earlier communications on the subject matter.
We now write to inform you that the Board of Directors of the Company at its meeting held today has declared the Scheme to be effective from 1st March, 2025.
In terms of the Scheme, the Company will issue:
-1 (one) fully paid-up equity share of Rs.10 (rupees ten only) each of the Company for every 52 (fifty-two) fully paid-up equity shares of Rs.10 (rupees ten only) each held by equity shareholders of Kesoram Industries Limited ( the Demerged Company ) as on the Record Date, to be announced by the Demerged Company;
-54,86,608 (Fifty Four Lakhs Eighty Six Thousand Six Hundred Eight) fully paid-up 7.3% non-convertible redeemable preference shares of Rs.100 (rupees one hundred only) each of the Company for 90,00,000 (Ninety Lakhs) 5% cumulative non-convertible redeemable preference shares of Rs.100 (rupees one hundred only) each of the Demerged Company held by the preference shareholder in the Demerged Company as on the Effective Date; and
-8,64,275 (Eight Lakhs Sixty Four Thousand Two Hundred Seventy Five) fully paid-up 7.3% non-convertible redeemable preference shares of Rs.100 (rupees one hundred only) each of the Company for 19,19,277 (Nineteen Lakhs Nineteen Thousand Two Hundred Seventy-Seven) zero% optionally convertible redeemable preference shares of Rs.100 (rupees one hundred only) each of the Demerged Company held by the preference shareholder in the Demerged Company as on the Effective Date.
The meeting commenced at 3.00 p.m. and concluded at 4.45 p.m.
The above is for your information please.

Attachments

SE Letter - Scheme Effectiveness.pdf
Total size =237K