ACC Board Approves FY26 Results, Recommends ₹7.50 Dividend, Schedules AGM

AI Summary

ACC Limited's Board of Directors approved the audited financial results for the financial year ended March 31, 2026, during its meeting held on April 30, 2026. The statutory auditors, M/s. S R B C & Co. LLP, issued unmodified audit opinions on both standalone and consolidated financial results. The Board recommended a dividend of ₹7.50 per equity share of face value ₹10 each for Financial Year 2025-26, subject to shareholder approval, with June 12, 2026, fixed as the record date. The 90th Annual General Meeting is scheduled for June 26, 2026, at 10:00 AM through video conferencing. The Board approved the appointment of M/s. P.M. Nanabhoy & Co. as Cost Auditors and M/s. Grant Thornton Bharat LLP as Internal Auditors for FY 2026-27. The company continues to progress with its proposed amalgamation with Ambuja Cements Limited, with an appointed date of January 1, 2026, subject to necessary statutory and regulatory approvals including NCLT.

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ACC Limited 's Board of Directors has approved the company's audited financial results for the financial year ended March 31, 2026, alongside several key corporate decisions during its meeting held on April 30, 2026.

Board Meeting Outcomes

The Board meeting, which commenced at 2:00 PM and concluded at 4:15 PM, addressed multiple significant agenda items. The company's statutory auditors, M/s. S R B C & Co. LLP, issued unmodified audit opinions on both standalone and consolidated financial results for the quarter and year ended March 31, 2026.

Decision: Details Dividend Recommendation: ₹7.50 per equity share AGM Date: June 26, 2026 at 10:00 AM AGM Format: Video Conferencing/Audio Visual Record Date: June 12, 2026 Dividend Payment: On or after July 1, 2026

Annual General Meeting and Dividend Details

The Board has recommended a dividend of ₹7.50 per equity share of face value ₹10 each for Financial Year 2025-26, subject to shareholder approval. The company has fixed Friday, June 12, 2026, as the record date for determining dividend entitlement.

The 90th Annual General Meeting will be conducted through video conferencing and other audio-visual means, in accordance with applicable circulars issued by the Ministry of Corporate Affairs and SEBI.

Auditor Appointments

Based on Audit Committee recommendations, the Board approved key auditor appointments for FY 2026-27:

Appointment: Details Cost Auditors: M/s. P.M. Nanabhoy & Co., Cost Accountants Internal Auditors: M/s. Grant Thornton Bharat LLP Outgoing Internal Auditor: Mr. Shobhit Dwivedi (due to organizational restructuring)

Proposed Amalgamation Update

The company continues to progress with its proposed scheme of amalgamation with Ambuja Cements Limited, with an appointed date of January 1, 2026. The scheme remains subject to necessary statutory and regulatory approvals, including approval from the National Company Law Tribunal.

Under the proposed arrangement, shareholders will receive 328 equity shares of Ambuja Cements Limited for every 100 shares held in ACC Limited. All relevant documents and results have been uploaded to the company's website at www.acclimited.com for stakeholder reference.

ACC has unveiled ambitious expansion plans that will significantly boost its cement manufacturing capacity through strategic facility upgrades at two key locations.

Expansion Project Overview

The cement manufacturer has announced major capacity enhancement initiatives at its Salai Banwa and Kalamboli facilities. These expansion projects are designed to collectively increase the company's production capacity by 3.4 million tonnes per annum (MTPA).

Project Details: Specifications Total Capacity Addition: 3.4 MTPA Facility Locations: Salai Banwa and Kalamboli Expected Completion: Q1 FY27 Project Type: Manufacturing Expansion

Strategic Timeline

The expansion projects are scheduled for completion by the first quarter of fiscal year 2027. This timeline positions ACC to capitalize on anticipated market demand while ensuring adequate preparation and execution of the capacity enhancement initiatives.

Facility Locations

The expansion encompasses two strategic locations:

Salai Banwa facility: Contributing to the overall capacity increase through modernization and expansion

Kalamboli facility: Undergoing similar enhancement to support increased production targets

These locations have been selected to optimize distribution networks and serve key market segments effectively. The dual-facility approach demonstrates ACC's commitment to geographic diversification and operational efficiency.

Market Positioning Impact

The 3.4 MTPA capacity addition represents a substantial enhancement to ACC's manufacturing capabilities. This expansion aligns with the company's growth strategy and positions it to better serve existing markets while potentially exploring new opportunities in the cement sector.

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