AGM Details

The 40th Annual General Meeting will be held on Tuesday, 15 September 2026 at 11:00 AM IST through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The deemed venue is the Registered Office at No. 18/14 (312/14) Gee Gee Emerald, No. 2C & 2D, 2nd Floor, Valluvar Kottam High Road, Nungambakkam, Chennai-600034.

Book Closure Date

The Register of Members and Share Transfer Books will remain closed from 9 September 2026 to 15 September 2026 (both days inclusive).

Voting Arrangements

Remote e-voting period: 12 September 2026 (9:00 AM IST) to 14 September 2026 (5:00 PM IST). Cut-off date for voting eligibility: 8 September 2026. CDSL will provide e-voting facilities.

Business Items

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY2025-26

2. Adoption of Audited Consolidated Financial Statements for FY2025-26

Special Business:

3. Special Resolution for reappointment of Sri V. Manickam (DIN: 00179715) as Non-Executive Non-Independent Director beyond age 75 years

4. Ordinary Resolution for reappointment of Sri K. Suresh as 'Manager' from 1 October 2026 to 30 September 2027 at consolidated remuneration of ₹2,50,000 per month

Financial Performance (FY2025-26)

  • Gross Turnover: ₹257.75 crore (Previous year: ₹297.64 crore)
  • Gross Income: ₹4.80 crore (Previous year: ₹5.04 crore)
  • Profit/(Loss) before depreciation and tax: ₹7.16 lakh (Previous year: ₹76.59 lakh)
  • Profit/(Loss) before tax: (₹26.68 lakh) (Previous year: ₹71.04 lakh)
  • Profit/(Loss) After Tax: (₹27.15 lakh) (Previous year: ₹53.15 lakh)
  • Total Comprehensive Income: (₹23.94 lakh) (Previous year: ₹53.15 lakh)
  • No dividend recommended due to accumulated losses
  • Paid-up equity share capital: ₹21.71 crore (2,17,06,200 equity shares of ₹10 each)

Exceptional Items

The company reported several exceptional items affecting FY26 results:

1. Cyber fraud incident resulting in fraudulent transfer of ₹80.00 lakh from company's bank account, with ₹31.85 lakh recovered and ₹48.15 lakh written off

2. Provision of ₹23.79 lakh for gratuity as per New Labour Code

3. Write-back of borrowings amounting to ₹43.55 crore

4. Write-off of advances totaling ₹43.60 crore (₹43.38 crore to an entity and ₹0.22 crore for forex broking services)

Shareholding Pattern

As on 31 March 2026:

  • Promoters: 74.90% (16,258,590 shares)
  • Public: 25.10%
  • 92.62% of equity shares dematerialized

Subsidiary Performance

India Cements Investment Services Limited (wholly-owned subsidiary):

  • Turnover: ₹424.41 crore (Previous year: ₹715.51 crore)
  • Income: ₹53.78 lakh (Previous year: ₹88.01 lakh)
  • Operates with 3 branches and 7 business associates

Director Information

Sri V. Manickam (DIN: 00179715):

  • Age: 74 years, will attain 75 years on 1 April 2027
  • Non-Executive Non-Independent Director since 26 September 2022
  • Paid sitting fees of ₹27,000 during 2025-26
  • Holds directorships in Chennai Super Kings Cricket Limited and Shriram Life Insurance Company Limited

Manager Reappointment

Sri K. Suresh (President, CEO & CS):

  • Reappointment as 'Manager' proposed at ₹2.5 lakh per month
  • Qualified Chartered Accountant and Company Secretary
  • Associated with company since 2007

Corporate Actions

The promoter, Sri Saradha Logistics Private Limited, entered into a Share Purchase Agreement on 24 July 2026 to sell its entire 50.02% shareholding to acquirers (Mr. Sandeep Jain, Mr. Vikas Garg, and Mr. Rahul Nagar) at ₹12 per share. Acquirers made public announcement for open offer to acquire up to 26% of voting share capital at ₹12 per share, subject to regulatory approvals including RBI.