Meeting Details

  • Date: Tuesday, 29th September 2026
  • Time: 11:00 A.M. to 12:10 P.M.
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Type of Meeting: 46th Annual General Meeting
  • Cut-off Date: 22nd September 2026
  • Total Shareholders: 11,360 as of cut-off date
  • Members Present: 115 shareholders attended via video conferencing
  • Chairperson: Ms. P. Parvathi, Chairperson and Managing Director

Proposed Resolutions and Voting Process

Ordinary Businesses:

1. Adoption of audited standalone and consolidated financial statements for FY ended 31st March 2026

2. Declaration of final dividend for FY 2025-26

3. Re-appointment of Ms. P. Parvathi (DIN: 00016597) as Director who retires by rotation

Special Businesses:

4. Ratification of Cost Auditor's remuneration for FY 2026-27

5. Consideration of payment of remuneration to Ms. P. Parvathi (DIN: 00016597)

6. Consideration of payment of minimum remuneration to Ms. P. Parvathi (DIN: 00016597) during FY 2026-27

Voting Methods:

  • Remote E-voting: Available for 3 days from 9:00 A.M. on 26th September 2026 to 5:00 P.M. on 28th September 2026 through KFin Technologies Limited platform
  • InstaPoll: Electronic voting during AGM for members who didn't use remote e-voting
  • Scrutinizer: Mr. V. Shankar, Practicing Company Secretary appointed to scrutinize the e-voting process

Financial and Operational Highlights from Chairperson's Speech

Capacity Expansion:

  • Brownfield expansion project completed with commercial production commencing December 2025
  • Current cement operating capacity: 4 MTPA
  • WHRS operating capacity: 12.81 MW

FY 2025-26 Performance:

  • Cement Sales: 16.22 Lakh MT (16.68% increase from 13.90 Lakh MT in FY 2024-25)
  • Cement Sales Revenue: ₹628.94 Crores (21.03% increase from ₹519.64 Crores in FY 2024-25)
  • Total Turnover: ₹635.61 Crores (20.62% increase from ₹526.98 Crores in FY 2024-25)
  • EBIDTA: ₹76.76 Crores (48.81% increase)
  • Profit Before Exceptional Item and Tax: ₹21.41 Crores (99.07% increase)
  • Profit After Tax: ₹28.59 Crores (279.54% increase from ₹7.53 Crores in FY 2024-25)

Dividend Declaration:

  • Recommended dividend of 10% (Re. 0.50 paise per share) for FY 2025-26

Fundraising:

  • Raised ₹660 Crores through issuance of CCDs and NCDs in June 2026
  • CCDs to be converted into equity within 18 months
  • NCDs to be repaid over 7 years with 2-year moratorium
  • Funds utilized for repayment of term loans for brownfield expansion project

Market Conditions and Outlook

  • West Asia crises and severe weather conditions impacted coal and diesel supply costs
  • Slowdown in economic activity and surplus capacities in southern region pressure margins
  • Cement selling prices remained flat affecting margins
  • Expected improvement in second half of year due to infrastructure projects in Telangana and Andhra Pradesh
  • Infrastructure projects account for 30% of domestic cement demand
  • Higher budgetary allocation for infrastructure schemes by central government

Compliance and Reporting

  • Voting results and Scrutinizer's report to be communicated to Stock Exchanges on 30th September 2026
  • Results to be placed on company website and e-voting platform of KFintech
  • Auditor's report contained no qualifications, reservations, or adverse remarks
  • Secretarial Auditor's report contained only self-explanatory observations