HeidelbergCement India Limited shareholders approved a final dividend of ₹7 per equity share for FY26 during the company's 67th Annual General Meeting (AGM) held on September 24, 2026. The meeting, conducted via video conferencing, also ratified the audited financial statements for the fiscal year ended March 31, 2026.

The proceedings commenced at 1:30 pm and concluded at 2:20 pm, with Jyoti Narang serving as the Chairperson of the Board. Joydeep Mukherjee, Managing Director, introduced the directors and officials present to the members. The Chairperson highlighted the company's strong financial performance in FY26, noting improvements in its financial position alongside sustainability initiatives such as increased use of non-grid power and alternative fuels.

Resolutions passed

Members voted on both ordinary and special business items using remote e-voting facilities provided by the National Securities Depository Limited (NSDL). The e-voting period ran from September 21, 2026, to September 23, 2026. All five resolutions placed for approval were passed with requisite majority.

The following resolutions were approved:

• Adoption of audited financial statements and reports for FY26.
• Declaration of dividend on equity shares at ₹7 per share.
• Reappointment of Vimal Kumar Choudhary as Director retiring by rotation.
• Reappointment of Jyoti Narang as Independent Director for a second term of five years.
• Ratification of remuneration for cost auditors M/s R.J. Goel & Co. for FY27.

Voting results summary

The scrutinizer, Monika Kohli of DMK Associates, confirmed that all resolutions were passed in favor with significant majority support from promoters and public shareholders. The voting pattern indicates strong alignment between management and major institutional holders, while retail participation remained limited in terms of vote volume relative to shareholding.

Operational highlights

During her address, the Chairperson emphasized the company's focus on operational excellence and responsible growth. She referenced the prevailing global and Indian economic environment, specifically addressing the performance of the Indian cement industry. The company reported no qualifications or adverse remarks in the Auditors' Report or Secretarial Audit Report.

The meeting adhered to compliance requirements under the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Results of the e-voting were disseminated to stock exchanges on September 28, 2026, fulfilling regulatory disclosure timelines.

HeidelbergCement India Limited filed its Business Responsibility and Sustainability Report (BRSR) for FY26 with stock exchanges on September 2, 2026. The disclosure covers the company’s standalone operations across environmental, social, and governance parameters for the financial year ended March 31, 2026.

The report highlights key operational and financial metrics alongside sustainability initiatives. HeidelbergCement India reported a turnover of ₹23,295.9 million and a net worth of ₹13,718.51 million for the period. The company operates one integrated cement unit and two grinding units, serving customers across six states in India.

Operational and Financial Overview

The company’s business activities are concentrated entirely on the manufacturing and selling of cement, which accounted for 100% of its turnover. HeidelbergCement India maintains a paid-up capital of ₹2,266.2 million. Its customer base is split between trade segments, including dealers and retailers, and non-trade institutional customers such as real estate developers and infrastructure companies.

Environmental Performance

HeidelbergCement India focused on emissions management and energy efficiency during FY26. The company reduced its CO2 emission intensity to 496 kg per tonne of cement produced, down from 530 kg in FY25. This improvement was driven by an increase in green power share from 36% to 43% and investments in alternative fuels.

Total energy consumption rose to 1,08,15,952 units from 95,82,640 units in the previous year. Renewable energy consumption increased significantly to 15,33,743 units from 10,98,704 units. The company also achieved zero liquid discharge through a sewage treatment plant with a capacity of 1,115 kilolitres per day.

Social and Governance Metrics

The workforce comprised 741 permanent employees and 224 permanent workers as of March 31, 2026. Female representation among employees stood at 3.10%, while workers remained predominantly male at 99.55%. The company reported a permanent employee turnover rate of 14.62%, down from 21.76% in FY25.

Safety metrics showed strong performance, with zero lost-time injuries for employees. Workers recorded a Lost Time Injury Frequency Rate (LTIFR) of 0.17 per million person-hours worked, compared to 0.18 in FY25. No fatalities or high-consequence injuries were reported for either group.

What the Numbers Show

A notable shift in the company's energy mix is visible in the FY26 data. While total energy consumption increased by approximately 12.9%, renewable energy consumption grew by nearly 40%. This divergence suggests a strategic acceleration in adopting green power sources, aligning with the reported rise in green power share from 36% to 43%. This transition supports the reduction in carbon intensity despite higher overall energy usage.