Company Overview

Shree Cement Limited reported its FY 2025-26 financial results and corporate developments through comprehensive disclosures including annual financial statements, corporate governance report, and AGM notice.

Financial Performance

Shree Cement delivered strong financial results with standalone revenue of ₹19,310.52 crore (up from ₹18,037.33 crore in FY25) and profit of ₹1,706.25 crore (significantly higher than ₹1,196.23 crore in FY25). Consolidated revenue reached ₹20,943.47 crore, representing 8.6% growth. Earnings per share stood at ₹472.90 (basic and diluted). The company maintained robust credit ratings with CARE AAA/Stable and CRISIL AAA/Stable for long-term facilities.

Dividend Declaration

The board declared an interim dividend of ₹80 per share for FY26 and proposed a final dividend of ₹70 per share, subject to approval at the 47th AGM scheduled for 31st July 2026. This brings the total dividend for FY26 to ₹150 per share. The record date for the final dividend is 17th July 2026, with payment commencing on or after 3rd August 2026 if approved.

Corporate Governance & Board Changes

The company maintained full compliance with SEBI Listing Regulations and Companies Act requirements. Board composition changes included the appointment of Mr. Chandra Kumar Dhanuka as Independent Director effective 28th October 2025 and the re-appointment of Mr. Hari Mohan Bangur as Whole Time Director (Chairman) for five years effective 1st April 2026. Executive directors received substantial remuneration, with Mr. H.M. Bangur receiving ₹6,858.69 lakh.

Operational & Subsidiary Updates

The company operates 18 manufacturing locations across India including 6 integrated cement units and 10 grinding units. Significant investments were made in subsidiaries totaling ₹1,079.98 crore, including equity contributions to Shree Cement East Private Limited (₹253.00 crore) and Shree Global FZE (₹302.53 crore). Union Cement Company PrJSC contributed significantly to group performance with 19.97% of consolidated profit (₹349.23 crore).

Regulatory Disclosures & Compliance

Key regulatory disclosures include:

  • ₹18.51 crore in unpaid principal to MSME suppliers as of 31st March 2026, with no interest due or paid
  • ₹56.08 crore recognized for incremental employee benefit obligations under new Labour Codes effective 1st April 2026
  • Resolution of Income Tax reassessment notices from June 2023 survey, quashed by Hon'ble High Court in August/September 2025
  • Contingent liabilities including Competition Commission of India penalties of ₹397.51 crore (stayed subject to 10% deposit)
  • CSR expenditure of ₹55.76 crore (standalone) focusing on health, education, and rural development

AGM Agenda Items

The 47th AGM agenda includes adoption of financial statements, confirmation of interim dividend, declaration of final dividend, re-appointment of Mr. Prashant Bangur, and ratification of cost auditor remuneration of ₹6.75 lakh for FY27. Remote e-voting will be available from 28th to 30th July 2026 through NSDL.

Balance Sheet Strength

The company maintained a strong financial position with total assets of ₹30,095.13 crore and total equity of ₹22,511.60 crore (standalone). Debt levels remained conservative with a debt-to-equity ratio of 0.07 (consolidated). Investments totaled ₹14,088.42 crore including mutual funds, bonds, and debentures.