General Announcement::Acquisition and open offer

Issuer & Securities

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

Announcement Title: General Announcement
Date &Time of Broadcast: 28-Jul-2024 14:18:35
Status: New
Announcement Sub Title: Acquisition and open offer
Announcement Reference: SG240728OTHR41E0
Submitted By (Co./ Ind. Name): Sanjeeb Kumar Chatterjee
Designation: Company Secretary
Description (Please provide a detailed description of the event in the box below): The promoters and members of the promoter group of The India Cements Limited ( Target ) and another shareholder of the Target propose to sell their entire stake in the Target and approached the Company for the same.

The Board of Directors of the Company at its meeting held today inter-alia considered the proposal of the promoters, members of the promoter group and the other shareholder of the Target and approved the acquisition of equity shares of the Target and making an open offer.

The Primary Acquisition and the Open Offer are collectively referred to as Proposed Transaction . The details as required under the LODR Regulations are given in Annexure I. A Press Release issued in this regard is also attached.

The above is for information and record, please.

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