JK Lakshmi Cement Ltd

JK Lakshmi Cement Ltd – Trading Window closed from 1 October 2026 until 48 hours after the unaudited financial results for the quarter and half-year ending 30 September 2026 are declared.

Meeting Details

• Date and time: 6 August 2026, 4:00 P.M. IST.
• Type and mode: Analyst/investor conference call, virtual group.
• Organizer: PhillipCapital (India) Pvt. Ltd.
• Purpose: Analyst/investor interaction for JK Lakshmi Cement Ltd.
• Key company participants: not disclosed in filing.
• Recording: available; Audio link and Recording ID 10044705.

Target overview

• Target: STLC RE 1 Ltd, solar generation and distribution, India.
• FY2026 turnover nil; PAT negative ₹61,808; net worth ₹38,192.
• Incorporated 18 March 2025; presence: India.
• Industry: Generation and distribution of solar power.
• Promoter group Sago Trading Limited holds 100% of STLC; arm's length arrangement.

Transaction details

• Acquisition target: minimum 26% equity in STLC.
• Form of consideration: cash; cost up to ₹20.50 crore.
• Indicative completion timeline: by 31 December 2026.
• Regulatory approvals: Not Applicable.
• Related party; promoter group holds 100% stake; arm's length; Audit Committee approved.
• Strategic rationale: enable group captive solar power to reduce plant power costs.
• Targeted plant: 29 MW AC / 42 MWp DC with 28 MWh BESS at Sirohi, Rajasthan.
• Purpose: acquire 26% equity in STLC to secure solar power.

Background

• STLC incorporated on 18 March 2025; operates in India.
• Industry: solar power generation and distribution.
• Recent turnover: nil; net worth ₹38,192.

Financials

• Standalone Q1 FY27 net sales Rs 1,904.78 crore; PAT Rs 106.77 crore.
• PBIDT Rs 273.77 crore; PBT Rs 139.88 crore.
• Sales volume 35.98 lakh tonnes.
• Net debt to EBITDA 1.38x; net debt to equity 0.38x.
• Renewable power share in power mix 49%.

Capex & capacity

• Railway siding capex Rs 325 crore; funded by debt Rs 225 crore; Phase I done.
• Durg expansion: clinkerisation 2.30 MTPA; grinding units 4.6 MTPA.
• Total capex Rs 3,000 crore; funded by debt and internal accruals; completion by Mar 2028.

Outlook & risks

• Demand expected to be supported by infrastructure spending; fuel-cost volatility persists.
• Margin recovery anticipated through cost optimization and productivity improvements.

Litigation details

• Writ petition filed in Gauhati High Court against JK Lakshmi Cement and Mahabal Cement over land allotment.
• Dispute concerns about land of approximately 3,000 Bighas in Dima Hasao district.
• Land more specifically allotted to AMDCL, JK Lakshmi Cement and Mahabal Cement.
• Notice received on 30 July 2026; writ petition filed against Union of India and others.
• Estimated financial impact: ₹103.16 Crores as land cost and related expenditures.
• Quantum of claims stated as Nil.

AGM details & outcome

• AGM held on 30 July 2026 at 2:30 PM IST via VC/OAVM.
• Cut-off date for e-voting eligibility was 23 July 2026.
• Remote and AGM e-voting combined results were consolidated; resolutions passed with requisite majority.

AGM Details

• 86th AGM held on 30 July 2026 at 2:30 PM via Video Conference/OAVM.
• Quorum present through VC; meeting chaired by Chairperson.

Resolutions

• Ordinary: Adoption of audited standalone and consolidated financial statements and reports.
• Ordinary: Dividend of ₹6.50 per equity share (130%).
• Ordinary: Re-appointment of Dr. Arun Kumar Shukla who retires by rotation.
• Ordinary: Ratification of remuneration of Cost Auditor for FY2026-27.
• Special: Re-appointment of Vinita Singhania as Chairperson and Managing Director for five years from 1 Aug 2026.

Meeting Details

• Date and time: 6 August 2026 at 4:00 PM IST.
• Mode: virtual conference call; organized by PhillipCapital (India) Private Limited.
• Event: Q1 FY27 earnings call for quarter ended 30 June 2026.
• Time zones: 4:00 PM IST; 6:30 PM SGT/HK; 11:30 AM UK.
• Recording: proceedings will be recorded.

Participants

• Key company participants: President & Director; ED (Corporate Affairs) & CFO.

Purpose

• Purpose: discuss Q1 FY27 unaudited results.

Additional Notes

• Pre-registration with DiamondPass; call leader Vaibhav Agarwal.

Board meeting rescheduled

• Original meeting date: 29 July 2026.
• New date: 5 August 2026.
• Agenda: approve unaudited results for Q1 ended 30 June 2026 (standalone and consolidated).
• Reason: unavoidable circumstances.
• Trading window: closed since 1 July 2026; reopens 8 August 2026.