Shri Keshav Cements And Infra Ltd

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.

Re-appointment of Managing Director

• Type: Re-appointment of MD Vilas Katwa
• Effective from 27 May 2027 to 26 May 2032, subject to shareholder approval
• Term: five-year tenure, liable to retire by rotation
• Board approval given on 14 August 2026, pending AGM approval
• Profile: Vilas Katwa, MBA from UMass Boston; cement, IT, and industrial experience
• Relation: Brother of Venkatesh Katwa and Deepak Katwa
• Affirmation: not debarred or disqualified by SEBI/MCA
• Shareholding: holds 21,64,800 equity shares
• Designation: Managing Director
• Appointment under: Section 196(2) of Companies Act, 2013

Financials

• Three months ended June 30, 2026: Revenue from operations Rs 4,718.68 lakhs.
• Total income Rs 4,799.18 lakhs; PBT before tax Rs -422.07 lakhs.
• PAT after tax Rs -517.30 lakhs; Basic and Diluted EPS Rs -2.95.
• MD Vilas Katwa reappointed for five years.
• Annual Sales growth YoY: 15.92%; Dispatches growth YoY: 13.48%.
• Auditor Singhi & Co issued a qualified conclusion due to GST matter.
• GST payments reported: Rs 641.52 lakhs plus interest Rs 218.11 lakhs; investigation ongoing.

Key board approvals

• Approved unaudited quarterly results and segment revenue for quarter ended 30 June 2026.
• Approved Directors' Report with annexures for FY 2025-26.
• Fixed the day, date, time and venue of the 337 Annual General Meeting.
• Re-appointed Vilas Katwa as Managing Director for five years.

Dematerialisation status

• Securities dematerialised for quarter ended 30 June 2026 were confirmed to the depositories.
• The securities comprising the certificates have been listed on the stock exchanges.
• Certificates mutilated and cancelled; depository's name substituted as registered owner within prescribed timelines.

Trading Window Closure

• Trading window closed for Directors/Designated Persons from 01 July 2026 to 48 hours after Q1 FY2026-27 results declaration.