Shree Cement Ltd

ESG rating update

• CRISIL ESG Ratings assigned Shree Cement an overall score of 61, up four points from 57.
• Rating category remains 'Strong'.
• CRISIL Core ESG rating is 66 based on BRSR Core parameters.
• CRISIL recognized Shree Cement as a top performer in the cement sector.
• Company states it did not engage CRISIL; rating assigned independently from publicly available data.
• Communication dated August 19, 2026.
• Request to record the rating information with exchange.

Dividend and tax withholding update

• Final dividend of Rs 70 per equity share (face value Rs 10) for FY2026, subject to AGM approval.
• AGM on 31 July 2026; record date for entitlements is 17 July 2026.
• Dividend taxes deducted at source (TDS) per shareholder category and required documents.
• Residents may have NIL or lower TDS with valid forms; exemptions apply.
• Non-residents may claim DTAA/MLI rates; requires TRC, Form 41, PAN, declarations.
• PAN not registered leads to 20% TDS; update PAN with company/RTA.
• Submit TDS documents via MUFG Intime portal by 16 July 2026, 5:00 PM IST.
• Registrar MUFG Intime India; SWAYAM portal available for shareholder KYC updates.
• Physical-share dividends paid electronically; update PAN, bank details, and nominations where required.

AGM notice and voting timeline

• AGM 47th scheduled for 31 July 2026 at 3:00 PM IST in Beawar, Rajasthan.
• Record date for final dividend set at 17 July 2026.
• Voting cut-off set for 24 July 2026.
• e-Voting window from 28 July to 30 July 2026.
• Notice and Integrated Annual Report accessible via web-link for unregistered email holders.

Dematerialisation processing status

• Dematerialisation requests processed; confirmations issued to depositories (accepted/rejected).
• Securities dematerialised were listed on stock exchanges where previously listed.
• Physical certificates dematerialised were mutilated and cancelled; depository name substituted as registered owner within timelines.

Overview

• Main activities: cement production, grinding units, and ready-mix concrete.
• Reporting scope: Integrated Annual Report 2025-26.

Key ESG Risks & Opportunities

• Climate change poses continuity risks; mitigations include renewable energy, WHR, and efficiency.
• Water scarcity drives audits, rainwater harvesting, and water reuse.
• Human rights and OHS management with training and grievance mechanisms.

Governance & Policy Highlights

• Board-approved policies cover anti-bribery, human rights, whistleblower, and ESG practices.
• Key certifications include GreenPro, ISO 45001, ISO 14001, and RE100-related standards.
• No major penalties; annual NGRBC reviews and external assessments conducted.

Social Responsibility & Workforce

• Total employees: 7,962; 98.2% male, 1.8% female.
• Total workers: 16,695; 1.1% female.
• Well-being spend: 0.06% of revenue; worker LTIFR: 0.21.
• Fatalities: 0 employees, 4 contract workers.
• POSH complaints: none; safety trainings and OH centers.

Environmental Performance

• Water withdrawal: 2,789,401 KL; surface 401,468; groundwater 1,990,045; third-party 397,888.
• Water intensity: 144 KL per ₹ crore turnover.
• Scope 1 emissions: 22,031,435 tCO2e; Scope 2: 313,672 tCO2e.
• Scope 1+2 intensity: 1,157 MT per ₹ crore turnover; PPP: 23,536 MT/USD crore.
• Scope 3 emissions: 1,595,877 tCO2e.
• Incineration waste: 1.13 MT; other disposal: 0.
• Synthetic gypsum use reduces natural gypsum; lowers water use and emissions.
• Certifications include GreenPro, ISO 45001, ISO 14001, ISO 9001; RE100/24x7 carbon-free electricity.

Stakeholder Engagement & Complaints

• Communities have grievance channels; Investors receive quarterly/annual reports and AGM updates.
• Customer complaints: 100% resolved in a timely manner; no recalls; 0 data breaches.
• Data privacy and cybersecurity policies exist; information security assessments conducted.

Other Notable Metrics

• CSR in aspirational districts: Bihar Aurangabad ₹49.92 Lakh; Uttarakhand Haridwar ₹15.94 Lakh.
• Sustainable inputs: 36.67% of inputs sourced sustainably.
• Public policy: advocating low-carbon roadmaps; GreenPro label; active industry affiliations.
• Affiliations include Climate Group, CMA, CII, NCCBM, and CMA.

Dividend entitlement and related dates

• Record date for final dividend entitlement: Friday, 17 July 2026.
• Dividend, if approved at AGM, will be paid on or after Monday, 3 August 2026.
• AGM scheduled for Friday, 31 July 2026.
• Remote e-voting cutoff date: Friday, 24 July 2026.

Financial performance

• Revenue from operations ₹20,943.47 Cr; up from ₹19,282.83 Cr.
• PAT attributable to owners ₹1,743.56 Cr.
• EBITDA margin 24.80%.

Dividends & capital

• Final dividend ₹70 per share; total ₹252.57 Cr.
• Debt-to-equity 0.07x; borrowings ₹1,580.79 Cr.

Geography & assets

• Revenue India ₹18,840.58 Cr; overseas ₹2,102.89 Cr.

Corporate actions & governance

• Amalgamation: Western India Commercial Co. merged into NBI; effective 18 Dec 2024.
• Purchases from Global Smart Comtrade ₹679.68 Cr; ASAT Logistics ₹455.80 Cr.

Risk & compliance

• CCI penalties ₹397.51 Cr; differential subsidy ₹37.84 Cr; ₹317.54 not received.

Strategy & expansion

• Mega expansion: Meghalaya plant clinker 0.95 MTPA, cement 0.99 MTPA; UAE grinding capacity 2.5 MTPA by Sept 2026.

Rating details

• Issuer rating CARE AAA; Stable assigned by CARE Ratings Limited.
• Instruments rated: Issuer rating; no specific debt instruments listed.
• Material change: New issuer rating assigned.

Rating action and ratings

• Bank facilities – Long term ₹3,095.42 Cr: CARE AAA; Stable; reaffirmed.
• Bank facilities – Short term ₹2,500 Cr: CARE A1+; reaffirmed.
• Commercial Paper ₹1,000 Cr: CARE A1+; reaffirmed.
• Non-convertible Debentures ₹700 Cr: CARE AAA; Stable; reaffirmed.
• Rating Agency: CARE Ratings Limited.
• Outlook: Stable for AAA; no separate outlook specified for A1+.