JK Cement Ltd

Penalty details

• Authority: Registrar of Companies, Uttar Pradesh I.
• Action: adjudication of penalties for delay in BEN-2 filing for SBO under sections 90(11) and 90(4).
• Total penalties: Rs 9,64,600; Rs 5,00,000 to company, Rs 1,00,000 to four officers, Rs 64,600 to CS.
• Date of order receipt: August 13, 2026; time 7:40 PM.
• Impact: order does not have major financial impact on JK Cement.
• Jurisdiction: domestic; ROC Uttar Pradesh I.
• Related party/promoter details: no such details disclosed.
• No stated deadline or execution period in the filing.

Event details

• The company commissioned 0.60 MnTPA White Cement-based Wall Putty plant at Nathdwara, Rajasthan.
• Capacity for White Cement and Wall Putty now 3.65 MnTPA (including subsidiary).
• Event occurred on August 12, 2026, around 4:00 PM IST.
• Location: Village Kajiyawas, Nathdwara Tehsil, Rajsamand district, Rajasthan.
• Regulatory disclosures under LODR: Not Applicable.

Meeting Details

• Date and time: August 13, 2026, 11:00 AM.
• Type: One-on-one / Group Meeting; Mode: Physical.
• Event: Equirus Annual India Conference 2026.
• Place: Sofitel Mumbai, BKC.

Participants

• Key participants: Management team.
• Company Secretary & Compliance Officer to participate.

Purpose

• Purpose: Analyst/institutional investor interaction at conference.

Additional Notes

• Date subject to change due to investor/company exigencies.

Business overview

• Among India's top five cement manufacturers, targeting 50 MTPA by FY30.
• Grey cement capacity 32.3 MTPA; white cement 3.1 MTPA; includes subsidiary capacity.
• Planned capex ₹5,000-₹6,000 crore in next two years.
• Securing strategic raw material resources; multiple expansion projects across North India.

Operational highlights

• Q1 FY27 standalone grey volume 5.96 MTPA; white 0.54 MTPA.
• Consolidated net sales ₹3,962 crore; EBITDA ₹648 crore; PAT ₹275 crore.
• Grey standalone volumes up 19% YoY; White up 11% YoY; Combined 18%.
• Grey standalone capacity utilisation 75%; White 76%.
• Standalone revenue from operations ₹3,866 crore; consolidated ₹4,032 crore.
• Standalone EBITDA ₹639 crore; margin 16.9%.
• Consolidated EBITDA ₹648 crore; margin 16.3%.
• EBITDA per tonne ₹982 (standalone).
• Price realisation ₹5,065/tonne vs ₹4,841/tonne in Q4 FY26.

Financial performance

• Net debt/EBITDA 1.69x as of 30 Jun 2026.
• Gross debt ₹5,551 crore; cash ₹1,686 crore.
• Equity ₹7,252 crore; net debt ₹3,864 crore.
• EPS (standalone) ₹35.9; (consolidated) ₹41.9.

Capital structure & liquidity

• Net debt/EBITDA remains steady at 1.69x.
• Capex plan ₹5,000-₹6,000 crore over the next two years.

Strategic priorities & outlook

• Target 50 MTPA by FY30 with North India expansions.
• 7 MTPA grey expansion in North India; Jaisalmer 7 MTPA greenfield.
• Bikaner and Bhatinda split grinding units, 2 MTPA each; commissioning H1 FY28.
• Nathdwara wall putty plant, 6 lakh MT; commissioning Q2 FY27.
• Muddapur & Panna grey expansion 7 MTPA.

ESG & governance

• DJSI CSA score 76/100; NSE Sustainability 67.
• CDP water security score A; climate change score B.
• FY30 CO2 target 532 kg/ton; current 530 kg/ton.
• Green power mix target 75%; current 53.5% YTD Jun-26.
• Thermal substitution target 35%; current 11.29%.
• Water positivity target 5x; current 4.9x.
• CSR spend ₹11.7 crore YTD June 2026.

Risks & mitigation

• Cost pressure from higher input costs; offset by mix changes and price increases.

Financial results

• Unaudited standalone and consolidated results for the quarter ended 30 June 2026 approved.
• Statutory auditors SR Batliboi & Co. LLP issued unmodified opinion.
• Certificate on security cover and covenants issued by statutory auditors.
• Restatement of comparatives due to Toshali Cements amalgamation from January 1, 2024.
• Consolidated results include four Indian and five overseas subsidiaries.

Auditor remarks

• Emphasis of Matter noted on ongoing CCI litigation.
• Audit reports state no material misstatement.

Board context

• Board met on 18 July 2026 to approve the results.

Regulatory disclosures

• SEBI-related disclosures attached; deviations, default, related-party not applicable.

Appointment: Dr Sameer Sharma

• Appointment of Dr Sameer Sharma as Director (Non-Executive Independent) effective May 23, 2026 for five years.
• Term ends May 22, 2031.
• Reason: Appointment approved at 32nd AGM.
• Brief profile: four decades in public administration and governance.
• Former Chief Secretary, Government of Andhra Pradesh (2021–22).
• Currently engaged in governance and CSR advisory roles.
• Not debarred by SEBI or authorities.
• Relationship with other directors: None.

Re-appointment: Mr Mudit Aggarwal

• Re-appointment of Mr Mudit Aggarwal as Independent Director for second and final five-year term.
• Term from Aug 14, 2026 to Aug 13, 2031.
• Reason: Re-appointment at 32nd AGM.
• Profile: Carnegie Mellon degree; IIM-A diploma; experience in manufacturing, retail, hospitality.
• Not debarred by SEBI or authorities.
• Relationship with other directors: None.
• Effective after expiry of current term on Aug 13, 2026.

AGM details

• Date, time, mode: July 17, 2026 at 11:00 AM via VC/OAVM.
• Meeting duration: 11:00 AM to 12:20 PM including e-voting.

Key resolutions and outcomes

• Resolution 1: Adoption of Audited Standalone & Consolidated Financial Statements; passed with 100% in favour (2 against).
• Resolution 2: Final dividend on equity shares; passed.
• Resolution 3: Re-appoint Sushila Singhania; passed; 23.66% against.
• Resolution 4: Re-appoint Nidhipati Singhania; passed; 0.81% against.
• Resolution 5: Continuation of directorship of Sushila Singhania; passed; 23.60% against.
• Resolution 6: Appoint Mudit Aggarwal as Independent Director; passed; 1.83% against.
• Resolution 7: Appoint Dr. Sameer Sharma as Independent Director; passed; 0.013% against.
• Resolution 8: Ratify remuneration of Cost Auditors; passed; 0.0002% against.

Dividend

• Final dividend approved; per-share amount not disclosed.

Director changes

• New independent directors appointed: Mudit Aggarwal; Sameer Sharma.
• Re-appointments: Sushila Singhania; Nidhipati Singhania.
• Continuation: Singhania continues as Non-Executive Non-Independent.

Auditors

• Remuneration of Cost Auditors ratified for FY ending 31 March 2027.

Meeting details

• Date and time: July 20, 2026 at 5:30 PM IST.
• Type and format: Earnings conference call (group, teleconference/virtual).
• Event/organiser: Earnings conference call to discuss Q1 FY2026-27 results.
• Key company participant: Company Secretary & Compliance Officer.
• Purpose: Discuss the company's Q1 FY2026-27 results and performance.
• Recording/transcripts: Call recording will be available on the company's website.

Key details

• Target Company: JK Cement Ltd.
• Disclosing Party: FMR LLC and FIL Limited.
• Transaction Type: Acquisition of 1,654,961 equity shares (2.14%) via open market.
• Pre-Transaction Holding: 5,432,682 shares (7.03%), encumbrances none.
• Post-Transaction Holding: 7,087,643 shares (9.17%).
• Mode of transaction: Open Market.
• Date(s) of Transaction: 1 September 2023 – 8 July 2026.
• Share capital context before/after: 77,268,251 shares each.

Meeting Details

• Board meeting on July 18, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for the First Quarter and three months ended June 30, 2026.

Other Notes

• Trading window for designated/connected persons and their relatives closed July 1–20, 2026.