ACC seeks shareholder approval for Penna Cement transactions

ACC Limited has announced a postal ballot to seek shareholder approval for material related party transactions with Penna Cement Industries Limited (PCIL). The e-voting period for this ordinary resolution will commence on Thursday, October 9, 2025, at 9:00 A.M. (IST) and conclude on Friday, November 7, 2025, at 5:00 P.M. (IST). The cut-off date for determining eligible members to vote is Friday, October 3, 2025.

The proposed transactions for FY 2025-26, which include the purchase and sale of cement, clinker, raw materials, spare parts, and power, as well as availing or provision of services, amount to an estimated ₹2,800 crore. This figure represents 13.47% of ACC's annual consolidated turnover for the immediately preceding financial year and 192.25% of PCIL's consolidated turnover for the same period. The company states these transactions are in the ordinary course of business and at arm's length.

ACC's audit committee and board of directors have reviewed and recommended the transactions, emphasizing benefits from group synergies and enhanced market presence. Shareholders are advised to cast their votes electronically, as no physical postal ballot forms will be dispatched. Results will be uploaded on stock exchanges within two working days of the e-voting conclusion.