Financial Performance Highlights

Saurashtra Cement reported strong FY26 results with standalone revenue of ₹1,66,603.87 lakhs (up 8.4% YoY) and net profit of ₹1,441.83 lakhs (up 106.6% YoY), driven by higher sales volumes and tax benefits. Consolidated performance showed similar trends with basic and diluted EPS of ₹1.30 (previous year: ₹0.63). Operational metrics improved significantly with cement production reaching 31.13 lakh tons (up 11.9% YoY) and total cement/clinker sales of 31.72 lakh tons (up 10.2% YoY). The paints division also performed well with approximately 12% revenue growth.

Meeting Details and Agenda

The 68th Annual General Meeting will be held on Wednesday, September 23, 2026 at 4:00 PM IST via Video Conference without physical attendance. Key agenda items include:

Ordinary Business:

  • Adoption of audited standalone and consolidated financial statements for FY 2025-26
  • Re-appointment of Mr. Hemang Dhirendra Mehta as Director retiring by rotation

Special Business:

  • Appointment and remuneration of Cost Auditors (M/s. M. Goyal & Co) for FY 2026-27
  • Rectification of tenure of Statutory Auditors (M/s. Manubhai & Shah LLP)
  • Reappointment of Mr. M. S. Gilotra as Managing Director with revised remuneration
  • Payment of commission to Mr. Jay Mehta, Non-Executive Chairman

Voting Process and Shareholder Participation

The company will conduct voting exclusively through electronic means (e-voting) via NSDL platform. The remote e-voting period runs from September 20, 2026 (9:00 AM) to September 22, 2026 (5:00 PM), with cut-off date for determining voting rights set as September 16, 2026. Mr. Sachin Ahuja, Chartered Accountant, has been appointed as Scrutinizer to oversee the process and ensure integrity.

Management and Governance Changes

The company underwent significant management restructuring including:

  • Mr. Jay Mehta's redesignation from Executive Chairman to Non-Executive Chairman effective September 26, 2025
  • Resignation of Mr. Pradeep Mehta as CFO and subsequent appointment of Mr. Prakash Chand Jain as new CFO
  • The Board held 7 meetings during FY 2025-26 with all mandatory committees (Audit, Nomination and Remuneration, CSR, Stakeholders Relationship) functioning effectively

Capital Structure and Dividend Policy

The authorized capital remains at ₹77,270.00 lakhs while paid-up capital increased marginally to ₹11,128.73 lakhs due to ESOS allotments. No dividend was recommended for FY26 due to inadequate profits, and no amount was transferred to reserves.

Risk Management and Financial Position

The company disclosed comprehensive risk management framework covering foreign exchange risk (1% rate change impacts PBT by ₹107.01 lakhs), interest rate risk (1% change impacts PBT by ₹48.01 lakhs annually), and credit risk management policies. Total assets stood at ₹1,58,793.83 lakhs with borrowings of ₹10,619.10 lakhs including current maturities.

Regulatory Compliance and Auditor Reports

The company confirms full compliance with Companies Act, 2013 and SEBI LODR Regulations. All auditor reports (Statutory, Secretarial, Cost, Internal) are unqualified without adverse remarks. The financial statements were prepared in accordance with Indian Accounting Standards (Ind AS).

Subsidiary and Shareholding Information

The company has one subsidiary, Agrima Consultants International Limited, with audited accounts available on request. Promoter holding stands at 66.64% with public holding of 33.36%. Dematerialized shares represent 99.89% of total capital of 11,12,87,280 equity shares.