UltraTech Cement Limited announced that the Company has incorporated a Wholly-owned Subsidiary viz. "Letein Valley Cement Limited" on 16 January, 2024. Authorised share capital - INR 10,00,000, Subscribed share capital - INR 1,00,000, whether the acquisition would fall within related party transaction(s) and whether the promoter /promoter group companies have any interest in the entity being acquired?

If Yes, nature of interest and details thereof and whether the same is done at "arms length"., WoS is a related party of the Company., Save and except as stated above, the promoter /promoter group companies are not interested in the incorporation., c), Industry to which the entity being acquired belongs, Mining and Manufacturing, d), Objects and effects of acquisition (including but not limited to disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity), WoS will carry on the business of mining of limestone and other raw materials; manufacture and sale of cement. Equity investment of INR 1,00,000 divided into 10,000 Equity shares of INR 10 each. Letein Valley Cement Limited is a company having registered office at Guest House, Upper Lachumiere, Shillong G.P.O., Shillong, East Khasi Hills - 793001, Meghalaya Date of incorporation: 16th January, 2024 Turnover (last three years): Country: India.