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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Adesh Gupta and Prof. The primary consideration for obtaining the mines is to ensure your Company’s coal security. Evaluation done by Board members excluding the Director being evaluated is submitted to the Chairman of your Company and individual feedback provided to each Director.

The financial statements reflect fairly the form and substance of transactions carried out during the year under review and reasonably present your Company”s financial condition ultraatech results of operations. Your Company also commissioned a cement grinding facility of 1. The Secretarial Audit Report does not contain any qualification, reservation or adverse remark.

Dion Global Solutions Ltd. Some of the prestigious awards conferred on your Company during the year are:. DuPont is recognised worldwide for its strong safety culture.

The Committee now comprises of Mr.

As required under the Act, the remuneration payable to the cost auditor is required to be placed before the Members in a general meeting for their ratification. Cash from operations was higher compared to the previous year as a result of higher revenues. Several innovative people – focused initiatives have been instituted at the Group level, and these are translated into action at all the Group Companies.

The industry recorded a growth of reprot 5. Your Company has adequate liquidity and a strong Balance Sheet. However, the economy started witnessing a rise in inflationary trend during the second half together with a tightening of the monetary policy, widening trade deficit, slowdown in corporate spending and escalation in global energy prices.

Directors Report of UltraTech Cement Ltd. Company

Towards this end, your Company has developed several products that aid in resource conservation, result in energy savings, and ensure durability. Consequently, your Company”s cement capacity stands augumented to This enabled your Company to further consolidate its position in the domestic cement industry. Details of Loan, Guarantee and Investment covered under the provisions of Section of the Act read with the Companies Meetings of Board and its Powers Rules, are given in the Notes to the standalone financial statements.


However, in line with the provisions of Section 1 annuql the Act, the Report ultratceh Accounts as set out therein, are being sent to all Members of your Company excluding the aforesaid information about the employees.

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

Commercial production from the plant is expected to commence by June, Meetings of the Board The Board of Directors of your Company met 7 times during the year to deliberate on various matters. Your Company”s Managing Director chairs the Safety Board, they review the safety performance of your Company on a regular basis. The details of program for familiarization of Independent Directors of your Company are available on your Company”s website viz. The CCI by its order dated 31 st August,imposed a penalty on eleven companies, including your Company.

The Board of Directors of your Company met 6 times during the year to deliberate on various matters.

Directors Report of UltraTech Cement Ltd.

Rising interest rates is a matter of concern. Corporate Safety Audits are also conducted to validate the measures taken towards ensuring safety.

This, together with some delay in materialisation of new capacities resulted in the industry posting healthy growth. Your Company”s net turnover at Rs, 23, crores is marginally higher over the previous year mainly on account of higher sales volume.

Adequate safeguards are provided against victimization of those who avail of the mechanism and direct access to the Chairman of reporf Audit Committee in exceptional cases is provided to them. However, in line with the provisions of Section 1 of the Act, the Report and Accounts as set out therein, are being sent to all Members of your Company excluding the aforesaid information.

Various activities have been initiated during the year in neighboring villages around its plant locations. Dave, Independent Director and Mr. The Board of Directors of your Company met 6 times during the year to deliberate repoet various matters. The manner of evaluation is provided in the Corporate Governance Report.


Upon the effectiveness of the Scheme, shareholders of Samruddhi will receive 4 four equity shares of your Company of face value Rs. Moorthy during his tenure as Member of the Board. Coal Blocks The Supreme Court of India by its judgment dated 25th August, read with its Order dated 24th September, cancelled coal blocks which had been allocated earlier for the purposes of mining coal for captive consumption.

Continuous product development and enhancing process productivity are its forte, aimed at creating greater customer value and delight while at the same time reducing the cost of products. The higher outgo is on account of new shares allotted to Samruddhi’s shareholders upon the amalgamation of Samruddhi with your Company.

Cash from non-operations was higher due to higher interest income coupled with higher income from the sale of investment in Mutual Funds. This is likely to be driven by a slew of infrastructure projects which have been announced by the government, among which are the construction of around 84, kilometers of roads by including the Bharatmala Project, construction of rural roads under the Pradhan Mantri Gram Sadak Yozana byHousing for All bythe metro rail networks in several cities, bullet train and various irrigation projects.

Gaur as directors of your Company. The rise in domestic coal prices and non-availability of low cost linkage coal has hiked the power and fuel cost for cement manufacturers.

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The safety excellence journey is a continuing process at your Company. Your Company is cemrnt to implementation of this project and has been taking necessary steps towards the same. The Hon”ble Supreme Court of India introduced a ban on the use of petcoke in Haryana, Rajasthan and Uttar Pradesh to curb pollution and even though the restriction was subsequently relaxed, there was a hike in import duty on petcoke from 2.

The Audit Committee has received a rsport from the Cost Auditors certifying their independence and arm’s length relationship with your Company.

Dave, Independent Director, Mr.