Cemindia Projects Ltd

Cemindia Projects Ltd – Trading window closed from 1 October 2026; shall be opened 48 hours after the declaration of Unaudited Financial Results for the quarter and six months ending 30 September 2026.

Filing Status

• Execution Petition withdrawn before Delhi High Court with liberty to file afresh.
• Company will file a fresh execution petition in due course.
• Arbitration award of Rs 4.71 crores approximately plus interest.
• Order communicated to company on 23 September 2026.
• No material financial impact on the company.
• Parties involved: Baya Weaver Ltd and Saya Cementation Ltd.

Meeting Details

• Date: 21 September 2026.
• Organized by: Anand Rathi.
• Meeting type: One-on-one/Group.
• Venue: Mumbai.
• Mode: Physical.

Participants

• Key company participant: Company Secretary.

Purpose

• Purpose: Institutional investor interaction and updates.

Additional Notes

• Investor presentation uploaded on 20 August 2026; available on the company website.

KYC update and dividend withhold

• Reminder to update KYC details and complete dematerialisation of physical shares.
• Dividend for FY 2025-26 is withheld until KYC and bank details are updated.
• Update via ISR-1/ISR-2/ISR-3 and SH-13 forms to KFin Technologies.
• RTA is KFin Technologies Limited; submit documents and CML to claim dividends.
• Shareholders in dematerialised form must update with their DP; demat recommended.
• Contact: einward.ris@kfintech.com for KYC submission and dividend queries.

Rating action

• Long-term Term Loan upgraded to AA (Stable) from A+ (Stable).
• Long-term Working Capital upgraded to AA (Stable) from A+ (Stable).
• Non-fund-based LT/ST limits upgraded to AA (Stable)/A1+ from A+ / A1.

Instruments/Facilities Rated

• Long-term Term Loan: AA (Stable).
• Long-term Working Capital: AA (Stable).
• Non-fund-based limits (LT/ST): AA (Stable)/A1+.

Rating Agency

• ICRA Limited (ICRA).

Outlook

• Stable for upgraded ratings.

Material change since last rating

• Long-term ratings upgraded from A+ (Stable) to AA (Stable).
• Non-fund-based LT/ST limits upgraded from A+ / A1 to AA (Stable)/A1+.

Rationale

• Upgrade reflects improved credit risk assessment by ICRA.

Rating Action Details

• Long-term Term Loan: CARE AA-; Stable, upgraded from CARE A+; Stable.
• Long-term Cash Credit: CARE AA-; Stable, upgraded from CARE A+; Stable.
• Long-term Vendor Financing: CARE AA-; Stable, upgraded from CARE A+; Stable.
• Commercial Paper: CARE A1+; Upgraded from CARE A1.
• BG/LC (LT/ST): CARE AA-; Stable / CARE A1+; Upgraded from CARE A+; Stable / CARE A1.

Meeting Details

• Date: 1 September 2026; physical one-on-one/group investor meeting in Mumbai.
• Organized by Elara Capital.
• Meeting type: One-on-one/Group; Mode: Physical.
• Venue: Mumbai.
• Purpose: Schedule of institutional investor meet.
• Investor presentation uploaded 20 August 2026; available on stock exchanges and Cemindia website.

Business overview

• Diversified heavy civil EPC player across maritime, urban infra, water, highways, and Data Centers.
• Strategic expansion via Adani Group synergies and international markets.

Operational highlights

• Record order book of ₹31,307 Cr as of Q1 FY27.
• Order inflows up 2.1x YoY in FY26.
• Overseas expansion to Sri Lanka, Bangladesh and Myanmar.
• Entered Data Center sector; secured marine project in UAE.
• Data Centers under execution: 4 projects.
• Nagpur Elevated Metro: three packages executed.
• TBM fleet expanded to 8 with 4 newly ordered.
• Permanent employees: 3,315 as of 30 Jun 2026.

Financial & capitalization

• Revenue CAGR ~30% over seven years.
• Credit rating upgraded to A+ (Stable) by CARE/ICRA in Mar 2026.
• LTIFR 0.09 and Injury Rate 0.35 in FY25-26.
• CO2e reductions: 39.12 tonnes; manure-derived CO2e avoided: 26.90 tonnes.
• Waste recycled: 10,119 tonnes; waste reused: 3,644 tonnes; water reused: 56,414 kL.
• Safe manhours worked: 128 million.
• Data Centers under execution: 4 projects.

Strategic priorities & outlook

• Pursue large, complex infra projects with high-margin potential.
• Expand domestic leadership and international presence.
• Accelerate technology adoption (BIM, automation, data-driven management).
• Leverage Adani Group synergies to improve pipeline and execution.
• Develop future-ready talent and leadership.

Governance & ESG

• Board independence strengthened; independent directors capped at 3-year terms.
• Management ownership by MD and executives.
• Independent review of related party transactions.
• Minimum four governance training sessions per year.
• ESG achievements include CO2 reductions, waste and water management improvements.

Resolution summary

• Special resolution to raise capital via issuance of equity shares and/or other securities.
• Approved by requisite majority; promoter group not interested in the agenda.
• Votes in favour: 12,94,41,105; 99.01% of valid votes.
• Votes against: 12,91,353; 0.99% of valid votes.
• Total valid votes cast: 12,94,41,105.
• Promoter attendance: 1 member via VC; Public attendance: 48 via VC.
• EGM held Aug 17, 2026, 11:00 AM at Powai, Mumbai (VC/OAVM).

Resolution details

• Purpose: Special resolution to raise capital from eligible investors via equity shares or other securities in multiple tranches.
• Resolution type and mode: Special resolution; voting conducted by e-voting including remote e-voting.
• Outcome: Passed with requisite majority.
• Key implications: No specific utilisation, governance, or shareholding details disclosed.
• Meeting details: EGM held 17 August 2026 at 11:00 AM via VC/OAVM; concluded 11:46 AM.