Niraj Cement Structurals Limited

Niraj Cement Structurals concluded its 28th Annual General Meeting, approving financial statements, director re-appointments, and resolutions related to significant joint venture transactions and a ₹750 crore investment limit. The company reported a solid FY26 performance, with a 6.9% increase in revenue and a notable 39.6% jump in net profit, despite contingent liabilities related to tax demands and a GST investigation. Simultaneously, an open offer by Gulshankumar Chopra to acquire a 26% stake at ₹29 per share largely went unfulfilled, resulting in his consolidated ownership reaching 65.97%, necessitating adherence to minimum public shareholding norms. These developments suggest a period of consolidation and strategic maneuvering for Niraj Cement, with investors monitoring compliance requirements and the impact of ongoing legal matters.