HeidelbergCement India Ltd

Re-lodgement requests (Aug 2026)

• No requests received during August 2026; NIL processed, approved, or rejected; average processing time NIL.

AGM Details

• Date and time: 24 September 2026, 01:30 PM to 02:20 PM.
• Mode: Video Conferencing/Other Audio Visual Means.

Resolutions & Outcomes

• Ordinary Resolution 1: Adoption of audited financial statements for year ended 31 March 2026 — Passed.
• Ordinary Resolution 2: Dividend of INR 7 per equity share — Passed.

Director Changes

• Vimal Kumar Choudhary re-appointed as Director on rotation.
• Jyoti Narang re-appointed as Independent Director for second five-year term.

Auditors

• Remuneration payable to Cost Auditors (M/S R.J. Goel & Co.) ratified for FY2026-27.

HeidelbergCement India Limited - Closure of Trading Window from 01 October 2026; will reopen two days after the declaration of unaudited financial results for the quarter ended 30 September 2026.

AGM details

• AGM held 24 September 2026 via VC/OAVM.
• Time: 1:30 PM to 2:20 PM.
• Remote e-voting 21–23 September 2026; voting at AGM allowed.
• Quorum present; meeting chaired by the Chairperson.

Key resolutions

• Ordinary: Adoption of Audited Financial Statements for FY26.
• Ordinary: Dividend declared on equity shares at Rs 7 per share.
• Ordinary: Reappointment of Vimal Kumar Choudhary retiring by rotation.
• Special: Reappointment of Jyoti Narang as Independent Director for second five-year term.
• Special: Ratification of remuneration of Cost Auditors for FY2026-27.

Director changes

• Reappointment of Vimal Kumar Choudhary as director (rotational).
• Reappointment of Jyoti Narang as Independent Director for second term.

Auditors and governance

• Remuneration of Cost Auditors ratified for FY2026-27.
• Auditors' Report and Secretarial Audit Report had no qualifications.

MDPA for Sukha-Satpara limestone block

• Entered into a 50-year Mine Development and Production Agreement with the Government of Madhya Pradesh.
• The Sukha-Satpara Limestone Block is in Damoh district, MP, covering about 216 hectares.
• Geological report estimates limestone resources at approximately 63 million tonnes.
• Block was secured via 2023 mining auction.
• MDPA term is 50 years with potential long-term production.
• No upfront investment amount disclosed in the MDPA.
• Execution of MDPA completed; no further approvals stated.
• Material impact: asset addition expected to support limestone supply.

Financials

• Revenue from operations: 23,295.9 MINR in FY26.
• EBITDA: 3,185.8 MINR; EBITDA margin 12.39%.
• PAT: 1,339.7 MINR; PAT margin 5.79%.
• EPS: 5.9 INR; YoY revenue +8.4%, EBITDA +19.8%, PAT +25.5%.
• Dividend per share: 7 INR; payout 70% (₹1,586.3 MINR).
• Net debt position: -674.9 MINR; gearing negative.
• Total cash & bank balances: 4,078.4 MINR.
• Capex: 524 MINR; debt repayments final 687 MINR FY26.
• Cash flow: debt-free status aided by final loan repayment.

Operations & volumes

• Cement sales volume: 4.91 MT in FY26.
• Composite cement share: 23-25% of sales.
• Clinker factor for composite cement: 41%.
• TSR: 10.63%; green power share: 43%.
• Rail transport: 55% of cement; 70% of clinker moved by rail.

Capital structure & liquidity

• Net debt position: -674.9 MINR; debt-free position at year end.
• Total cash & bank balances: 4,078.4 MINR.
• Negative working capital maintained; strong cash conversion cycle.
• Debt repayments: final tranche of ₹687 MINR paid in FY26.

Dividend & capital allocation

• Dividend proposed: ₹7 per share (70% payout).
• Record date: 11 Sep 2026; AGM on 24 Sep 2026.
• FY25 dividend paid: ₹7 per share; ₹1,586.3 MINR disbursed.
• ₹246.6 million withdrawn from accumulated profits to fund FY26 dividend.

Governance & board changes

• Ms. Soek Peng Sim resigned as NED on 28 May 2025.
• Mr. Vimal Kumar Choudhary appointed NED in 2025.
• Ms. Jyoti Narang re-appointed Independent Director for 2026–2031.
• Mr. Joydeep Mukherjee re-appointed Managing Director from 1 April 2026.
• Board met five times; Audit Committee met five times; CSR met twice.

Sustainability & ESG

• TSR 10.63%; 43% green electricity; CO2 intensity 496 kg/t.
• 98°C average temperature reduction; Patharia mine five-star IBM rating.
• CSR spend 36.22 million; 21,600 beneficiaries in FY26.
• Awards: CSR Excellence, Energy Management, and CSR sustainability honours.

CSR & community impact

• CSR spend exceeded statutory requirements: 36.22 million INR.
• Beneficiaries: over 21,600 across education, healthcare, livelihood, infrastructure.
• Social programs aligned with UN SDGs; governance by CSR Committee.

Procurement & digitalisation

• DigiHub platform consolidates digital initiatives; SAP Ariba for S2P.
• Catalogue buying at 38% utilization; Supplier Responsibility Index > 92%.
• Power Shield product drive; strengthened stakeholder engagement via digital channels.

Risks & outlook

• Near-term environment challenging; input costs volatile with energy pressures.
• GST reform to 18% expected to boost cement demand medium term.
• Labour Codes implemented 2025; company focusing on efficiency and AFR usage.

AGM Details

• AGM on 24 September 2026 at 01:30 PM IST through VC/OAVM.
• Cut-off date for attendance: 17 September 2026; record date for dividend entitlement: 11 September 2026.
• E-voting period: 21 Sep 2026 09:00 to 23 Sep 2026 17:00 IST.
• Dividend, if declared at AGM, will be paid within 30 days.

Key Resolutions

• Ordinary: Adopt Audited Financial Statements for year ended 31 March 2026.
• Ordinary: Declare dividend of INR 7 per equity share (70%).
• Ordinary: Re-appoint Vimal Kumar Choudhary as Director by rotation.
• Special: Re-appoint Jyoti Narang as Independent Director for second five-year term.
• Ordinary: Ratify remuneration of Cost Auditors for 2026-27 at Rs 3,00,000 plus taxes and expenses.

Voting Results

• Voting results not disclosed in the filing.

Dividend Details

• Dividend of INR 7 per share (70%) proposed/declared.
• Amount to be withdrawn from reserves: INR 246.6 million.
• Payable within 30 days from the date of AGM.

Director Changes

• Ms. Jyoti Narang to continue as Independent Director for five years from 18 Aug 2026 to 17 Aug 2031.
• Mr. Vimal Kumar Choudhary re-appointed as Director by rotation.

Auditor Appointments

• Cost Auditor remuneration for 2026-27: Rs 3,00,000 plus taxes and expenses.

Re-lodgement of physical transfer requests (July 2026)

• No requests were received for re-lodgement of physical share transfers in July 2026.
• No requests were processed, approved, or rejected in July 2026.
• Average processing time for July 2026 requests: NIL.