Shree Digvijay Cement Company Ltd

Shree Digvijay Cement Company Limited — Trading Window closed from 01 October 2026 until the end of 48 hours after the declaration of Unaudited Standalone & Consolidated Financial Results for the quarter and half year ending 30 September 2026.

AGM Details

• AGM held on 16 September 2026 at 11:00 a.m. via VC/OAVM.

Key Resolutions

• Ordinary: Adoption of standalone and consolidated financial statements and reports; passed.
• Ordinary: Dividend on equity shares for the financial year; passed.
• Ordinary: Director retirement by rotation; passed.
• Special: Appointment of Managing Director and remuneration; passed.
• Ordinary: Ratification of remuneration payable to Cost Auditor; passed.
• Voting showed no significant opposition to resolutions.

AGM details

• AGM held on 16 September 2026 at 11:00 A.M. via VC/OAVM.
• Quorum: 59 members attended; 9,47,75,078 shares represented.
• Cut-off date: 9 September 2026; total shareholders: 80,556.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adoption of standalone and consolidated financial statements; passed.
• Resolution 2 (Ordinary): Dividend of Rs 1.00 per equity share; passed.
• Resolution 3 (Ordinary): Anil Singhvi re-appointment by rotation; passed.
• Resolution 4 (Special): Amit Arora appointed Managing Director; passed.
• Resolution 5 (Ordinary): Cost Auditor remuneration for FY 2026-27 ratified; passed.

Director changes

• Anil Singhvi retires by rotation; re-appointment approved.
• Amit Arora appointed Managing Director.

Appointment of MD & CEO

• AGM approved Amit Arora as MD and CEO for a five-year term.
• Term: five years, effective from 17 June 2026.
• Designation includes CEO and Managing Director with KMP status.
• 81st AGM held on 16 September 2026.
• Background: 20+ years in cement; Plant Head at ACC; Kalaburgi.
• Experience includes Holcim leadership and digital transformation programs.
• Not related to any director or KMP.
• Not debarred from holding office by SEBI or authorities.

AGM notice and communications

• AGM scheduled for 16 September 2026 at 11:00 AM via VC/OAVM.
• Notice and Annual Report FY2025-26 sent to Members with registered emails; others get a web-link.
• Web-link to access AGM notice and AR; path: Investor > Financial Information > Annual Report > 81st FY2025-26.
• SEBI circulars require updating PAN, address with PIN, mobile, bank details, specimen signature, and nomination for physical holders.
• Non-updation of PAN or contact details may trigger electronic dividends from 01-04-2024; updates post-01-04-2024 affect future dividends.
• Formats for KYC updates (ISR-1/2/3, SH-13/14) available on MUFG Intime RTA site.
• Please update email and KYC to receive notices; supports Green Initiative.

Overview

• Standalone BRSR for FY2025-26 covering cement manufacturing.
• 1 integrated plant and 9 locations (1 plant, 8 offices).
• Cement turnover accounts for 99.12%; exports 0.2%.
• Paid-up capital ₹14,786.93 Lakhs; reporting boundary is standalone.

Key ESG Risks & Opportunities

• Groundwater depletion risk; plan to become water neutral with stewardship.
• Dynamic regulatory landscape; full compliance required.
• Coal/grid dependence; mitigate via AFR co-processing and energy efficiency.
• Water management and ZLD; rainwater harvesting and reuse.
• CSR expansion opportunity; strengthens stakeholder goodwill.
• Governance and accounting improvements; KPI-driven oversight.

Governance & Policy Highlights

• Sustainability oversight by a three-member Committee of Directors with KPI-linked KRAs.
• Policies cover anti-bribery, whistleblower, and human rights; online access.
• Independent external agency reviews ESG policy; periodic updates.
• Penalties under SBO and NSE; relief granted on appeal; penalties paid.

Social Responsibility & Workforce

• Total workforce: 219 permanent and 494 workers; male dominance.
• Board women representation: 1 of 6 directors (16.7%).
• 100% health/accident insurance; gratuity and PF; maternity benefits.
• 100% training coverage for Board, employees, and workers.
• 100% return-to-work after parental leave; maternity benefits.
• CSR beneficiaries include health care 7,749; infrastructure 46,100; education 3,208.

Environmental Performance

• Total energy 40,75,585 GJ; renewables 2,04,022 GJ; non-renewables 38,71,563 GJ.
• Scope 1: 523,230 tCO2e; Scope 2: 33,543 tCO2e; intensity 0.00007 tCO2e/₹ turnover.
• 50% renewable electricity; 8.5 MW WHR; 8.1 MW wind-solar; 4.73/4.84 MW.
• AFR co-processing: 4,860 MT; ZLD with STP; groundwater withdrawal 63,806.66 KL.

Stakeholder Engagement & Complaints

• Key stakeholder groups: investors, distributors, customers, employees, community, suppliers, regulators.
• Engagement channels: email, meetings, website; frequency varies by group.
• Shareholders filed 4 complaints; 0 pending; communities and employees had none.
• Whistleblower policy in place; HRMS-based grievance redress.

Other Notable Metrics

• Purchases from trading houses: 91% of total purchases; top 10 trading houses 34%.
• MSMEs procurement: 16% of total; 100% sourced within India.
• Geography: Rural 5%, Semi-urban 75%, Urban 18%, Metropolitan 2%.
• Affiliations: 4 associations; top: CII, FIMI, GCCA, Jamnagar Chamber.
• Data privacy: 0 data breaches; cyber security policy in place; product info on company site.

Financial performance

• Total revenue (Standalone) FY2025-26: 75,315 Lakhs.
• EBITDA: 7,461 Lakhs; EBITDA margin 9.91%.
• PAT: 2,500 Lakhs; EPS Basic 1.69.
• Dividend per share: ₹1.00.
• Total debt: 51,327 Lakhs; adjusted net debt 50,991 Lakhs.
• ROE 6.9% and adjusted debt-to-equity 1.39.

Operational & capacity expansion

• Grinding unit commissioned Oct 2025; capacity to 3.0 MTPA.
• Cement production 14.03 Lakh MT; cement sales 14.18 Lakh MT.
• Hi-Bond distribution added 2.2 MTPA; total ~5.2 MTPA.
• Total cement capacity now ~5.2 MTPA; Kamal & Hi-Bond brands expanding.

Capital structure & liquidity

• Total assets 105,816 Lakhs; total equity 36,545 Lakhs.
• Promoter stake 63.73% as of 31 Mar 2026.
• Share capital up to 14,787 Lakhs due to ESOP exercise.
• Undrawn borrowing facilities: 9,478.36 Lakhs.
• Adjusted net debt to equity ratio: 1.39.

Governance & leadership

• Amit Arora appointed Managing Director & CEO for 5 years from 17 Jun 2026.
• Ramanujan Krishnakumar ceased as CEO/MD on 6 Feb 2026.
• Anil Singhvi continues as Executive Chairman.

Audits, controls & governance flags

• Statutory auditors: BSR & Co; unmodified opinion on standalone and consolidated.
• Secretarial Audit: no qualifications; NSE penalty noted; RPT with NSE disclosed.
• Internal controls over financial reporting deemed effective.

ESG and CSR

• AFR co-processing 4,860 MT; CSR spend 151.01 Lakhs.
• Green energy mix: WHR 8.5 MW; wind-solar 8.1 MW; renewable energy share ~48.4%.
• CSR policy disclosed; ESG governance integrated.

Outlook and risks

• Government infrastructure programs support cement demand; energy/fuel cost pressures persist.
• Hi-Bond integration provides growth and diversification.
• Focus on capacity expansion and energy efficiency to sustain profitability.