Shri Keshav Cements And Infra Ltd

Shri Keshav Cements And Infra Limited trading window closes from 01 October 2026 until 48 hours after the declaration of the financial results for the quarter ended 30 September 2026.

MD Reappointment

• Reappointed as Managing Director effective 18 September 2026.
• Approved at the 33rd AGM held on 18 September 2026.
• Nature of appointment: Re-appointment under Section 196(2) of Companies Act, 2013.
• Profile: MBA from UMass Boston; extensive cement industry and IT experience.
• Relation: Brother of Deepak Katwa and Venkatesh Katwa.
• Directorships: Katwa Infotech Pvt Ltd; Shri Krishna Green Energy & Fuel Pvt Ltd; Vanshika Renewable Energy Pvt Ltd.
• Shareholding: 21,64,800 equity shares.
• Not debarred or disqualified by SEBI/MCA.

AGM Details

• Date/time/venue: 18 Sep 2026, 10:00 AM, physical AGM at Belagavi.
• Record date: 11 Sep 2026; record shareholders: 4,320.

Key resolutions

• Item 1 (Ordinary): Adopt Audited Balance Sheet and P&L; Passed.
• Item 2 (Ordinary): Reappoint Deepak Katwa as Director; Passed.
• Item 3 (Ordinary): Ratify Cost Auditor remuneration for FY ending Mar 31, 2027; Passed.
• Item 4 (Special): Reappoint Vilas Katwa as Managing Director; Passed.
• Item 5 (Special): Remuneration of Vilas Katwa above prescribed limits approved; Passed.
• Item 6 (Special): Remuneration of Venkatesh Katwa above prescribed limits approved; Passed.
• Item 7 (Special): Remuneration of Deepak Katwa above prescribed limits approved; Passed.

Director changes

• Deepak Katwa reappointed as Director (retirement by rotation).
• Vilas Katwa reappointed as Managing Director.

Auditors

• Cost Auditor remuneration for FY ending Mar 31, 2027 ratified.

AGM Details

• Date, time and mode: 30 September 2026, 10:00 AM, physical meeting with electronic voting facility.
• Attendance and quorum: 25 members attended; quorum was present.
• Scrutinizer appointed for e-voting and poll.

Ordinary Business

• Adopt audited balance sheet and P&L for year ended 31 Mar 2026 with reports.
• To appoint Deepak Katwa as director, retiring by rotation, reappointment sought.

Special Business

• Ratify remuneration of Cost Auditors for the financial year ending 31 Mar 2027.
• Reappoint Vilas Katwa as Managing Director of the company.
• Approve remuneration of Vilas Katwa in excess of SEBI LODR limits.
• Approve remuneration of Venkatesh Katwa, Executive Director/Chairman, in excess of limits.
• Approve remuneration of Deepak Katwa, Executive Director/CFO, in excess of limits.

Record date for AGM e-voting

• Purpose: e-voting for the 33rd AGM.
• Record date (cut-off): 11 September 2026.
• AGM date: 18 September 2026.
• Remote e-voting window: 15 Sept 2026 09:00 to 17 Sept 2026 17:00.

Book closure details

• Book closure: 12 September 2026 to 18 September 2026 (inclusive).
• Purpose: Closure of Register of Members and share transfer books for AGM.
• AGM date: 18 September 2026.
• Cut-off date: 11 September 2026.
• Remote e-voting: 15 September 2026, 9:00 AM to 17 September 2026, 5:00 PM.
• Security: Equity shares.

AGM details

• 33rd AGM on 18 September 2026 at 10:00 AM, Belagavi, physical meeting.
• Record date for voting: 11 September 2026.
• Register of Members and Share Transfer Books closed 12-18 September 2026.
• Remote e-voting window: 15-17 September 2026.

Ordinary business

• Adopt audited balance sheet, P&L and directors' and auditors' reports.
• Reappoint director retiring by rotation.

Special business (Resolutions 3-7)

• Ratify cost auditors' remuneration for FY2027: Rs 95,000 plus taxes/expenses.
• Re-appoint Vilas Katwa as MD for five years; remuneration Rs 3,00,000 per month.
• Approve Vilas Katwa's remuneration in excess of SEBI LODR limit.
• Approve Venkatesh Katwa's remuneration in excess of regulatory limits.
• Approve Deepak Katwa's remuneration in excess of regulatory limits.

Dividend

• No dividend proposed or declared.

Director changes

• Director retiring by rotation to be reappointed.

Auditors

• Cost Auditor remuneration ratification; Rs 95,000 for FY2027.

Material related party transactions

• No material related party transactions disclosed.

Other material approvals

• Remuneration for KMPs beyond SEBI LODR/Companies Act limits; approvals sought.

Financial snapshot

• Revenue from operations: Rs 161.31 crore.
• Net loss: Rs 6.53 crore.
• EPS: Rs -3.73.
• Dispatches up 36% YoY; outpaced regional peers.

Segment & product mix

• Cement: Rs 13,637.80 Lakhs; Petrol & Diesel: Rs 1,105.31 Lakhs; Solar: Rs 1,388.02 Lakhs.
• Total segment revenue: Rs 16,131.12 Lakhs.
• Capacity: 1 MTPA saleable within 250 km radius.

Debt, liquidity & capital structure

• Total borrowings: Rs 23,712.28 Lakhs; non-current Rs 18,828.52; current Rs 4,883.75.
• Net debt: Rs 26,848.37 Lakhs; gearing 74.96%.
• Cash & bank balances: Rs 754.04 Lakhs.
• Cash flow: CFO Rs 3,670.69 Lakhs; net increase in cash Rs 7.89 Lakhs.

Dividend & AGM

• Dividend not declared for FY2025-26.
• 33rd AGM scheduled for 18 Sep 2026 at Belgaum.

Governance & board changes

• Radhika Dewani resigned 30 Aug 2025; Savita Metrani appointed 30 Aug 2025.
• Independent Directors comprise about 50% of the board.
• Secretarial auditor: Akshay Jadhav; MR-3 with no qualifications.

Audit notes & internal controls

• Auditors issued a qualified opinion due to GST investigations; refund pending.
• GST payments Rs 859.63 Lakhs; interest Rs 218.11 Lakhs; no adverse order as of 31 Mar 2026.
• Internal financial controls are adequate and operating effectively.

CSR & sustainability

• CSR not applicable for FY2025-26; policy available on company website.
• Prior year CSR: Rs 14.20 Lakhs; carry forward Rs 0.05 Lakhs.
• Energy conservation: solar plant; total energy consumption 33.94 GWh.

Outlook & risks

• Cement demand expected to grow 7-8% in FY27.
• Lokapur cement project and solar expansion to support growth.
• Risks: competition, raw material price volatility, regulatory changes.