cemindia projects has been discharged from a criminal case involving alleged bribery of public servants. The Court of Special Judge for SPE & ACB Cases in Vijayawada, Andhra Pradesh, granted the discharge on April 13, 2026. The company informed the stock exchanges about this development on May 21, 2026.

The case originated from allegations against a former employee and a former representative of the company. The Anti-Corruption Bureau (ACB) of Andhra Pradesh had registered a criminal case against them before the court. Subsequently, a charge-sheet was filed against the former individuals and the company, alleging offences under the Prevention of Corruption Act, 1988, read with the Indian Penal Code 1860.

To contest these allegations, the former employee and the company had filed a Criminal Miscellaneous Petition (CMP) seeking their discharge from the case. The court accepted the petition, resulting in the discharge of both the former employee and the company from the proceedings.

The company confirmed that there are no financial implications or claims arising from this legal matter. The information regarding the court's order was made available to the company on May 20, 2026, at 2.47 p.m. IST.

Legal Case Details

Cemindia Projects Limited (formerly known as ITD Cementation India Limited) has announced the outcome of its Board of Directors meeting held on May 14, 2026. The Board has recommended the payment of a final dividend of Rs 3 per equity share for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the upcoming Annual General Meeting. The Board meeting commenced at 4.36 p.m. and concluded at 5.10 p.m.

Dividend Details

The Board recommended a dividend of Rs 3 per share on 17,17,87,584 equity shares of Re 1 each, totaling 300%. The key dates and details regarding the dividend payout are outlined below:

Record Date and Entitlement

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has fixed Friday, June 12, 2026, as the Record Date for determining entitlement of members to receive the dividend. The payment will be made to members whose names appear in the Register of Members or the Register of Beneficial Owners as at the close of business hours on the Record Date. This applies to beneficial owners holding shares in dematerialised form as well as members holding shares in physical form, after giving effect to valid requests received for transmission or transposition of shares lodged with the Company or its Registrar and Transfer Agent.

AGM and Dividend Declaration

The company had previously disclosed the Annual General Meeting scheduled on Saturday, June 27, 2026, which remains unchanged. However, an additional item relating to the declaration of dividend has been included in the Notice of the Annual General Meeting. If declared by the shareholders at the AGM, the dividend will be paid on Friday, July 3, 2026.

Trading Window Closure

The trading window for dealing in the securities of Cemindia Projects remains closed effective May 8, 2026, in accordance with SEBI regulations. The window will reopen 48 hours after the recommendation of dividend is made by the Board.