Cemindia Projects Limited has announced the sad demise of Mr. Pankaj Inderchand Jain, Non-Executive Independent Director, who passed away on 12th March, 2026. The company informed both BSE and NSE about this development under Regulation 30 of the SEBI Listing Obligations and Disclosures Requirements Regulations, 2015.

Director's Tenure and Contributions

Mr. Pankaj Inderchand Jain served as a Non-Executive Independent Director on the company's board with dedication and commitment. His tenure details are outlined below:

During his tenure, the company benefitted immensely from his vision, guidance, and active participation in board and committee meetings. His contributions were instrumental in the company's governance and strategic decision-making processes.

Company's Response

The company has described Mr. Jain's unexpected demise as an irreparable loss. All directors and employees of Cemindia Projects Limited have expressed their deep sorrow and heartfelt condolences to his family during this difficult time.

Regulatory Compliance

The company has fulfilled its regulatory obligations by providing the required details under SEBI Listing Regulations, in accordance with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The formal intimation was signed by Company Secretary Rahul Neogi and submitted to both stock exchanges.

Key Details Summary

The regulatory filing confirms the following essential information:

The company, formerly known as ITD Cementation India Limited, continues to operate from its registered and corporate office located at Prima Bay, Tower-B, Powai, Mumbai. This development marks a significant loss for the organization's leadership structure and governance framework.

Cemindia Projects has announced its third quarter financial results, showcasing robust growth across key financial metrics. The company's consolidated performance reflects strong operational execution and improved profitability during the quarter.

Financial Performance Overview

The company delivered impressive financial results for the third quarter, demonstrating significant improvement across profitability metrics:

Profitability and Operational Efficiency

The standout performance came from the bottom line, where consolidated net profit surged by 26.4% year-over-year to reach 1.1 billion rupees, compared to 870 million rupees in the same quarter of the previous year. This substantial increase indicates improved operational efficiency and better cost management.

The company's EBITDA performance was equally impressive, rising to 2.22 billion rupees from 2 billion rupees in the corresponding quarter last year. The EBITDA margin expanded to 9.59% from 9.19%, reflecting enhanced operational effectiveness and better margin management.

Revenue Performance

On the revenue front, Cemindia Projects recorded quarterly revenue of 23.15 billion rupees, representing a growth of 2.0% from the 22.7 billion rupees achieved in the corresponding quarter last year. While the revenue growth was modest, the significant improvement in profitability metrics suggests enhanced operational leverage.

Key Performance Highlights

The third quarter results highlight several positive aspects of the company's operational performance:

• Strong profit growth: Net profit increased by over one-quarter compared to the previous year
• EBITDA expansion: EBITDA grew by 11.0% with margin improvement of 40 basis points
• Margin enhancement: Both net profit and EBITDA margins showed significant improvement
• Operational efficiency: Higher profit growth rates compared to revenue growth demonstrate improved cost management

The financial results reflect Cemindia Projects' ability to enhance profitability while maintaining steady revenue growth, positioning the company favorably for continued operational success.