JK Lakshmi Cement filed its Business Responsibility and Sustainability Report for FY 2025-26, disclosing a turnover of ₹6879.10 crore and a net worth of ₹3929.80 crore. The report outlines the company's environmental, social, and governance (ESG) performance, including its commitment to net-zero emissions and the use of renewable energy sources. The company reported one fatality among workers during the financial year and detailed the corrective actions taken to enhance safety measures.

Financial and Operational Metrics

The company reported a paid-up capital of ₹62.09 crore for the financial year ending March 31, 2026. It operates through three integrated cement plants and four grinding units, with a total of 31 locations including offices. The report confirms that the disclosures are made on a standalone basis for all integrated and grinding units.

Environmental Performance

JK Lakshmi Cement reported that 22.70% of input raw materials used in cement production comprised Alternative Fuels and Raw Materials (AFR) sourced from recycled industrial waste. The company maintained a Zero Liquid Discharge (ZLD) status across its operations, ensuring 100% recycling of treated water. Total Scope 1 and Scope 2 emissions were reported at 7,764,061.11 metric tonnes of CO2 equivalent.

Social and Governance Disclosures

The company reported a workforce of 1,590 employees and 3,360 workers as of the end of the financial year. The Board of Directors includes three female members, representing 37.5% of the board. The report highlighted that the company has a CSR & Sustainability Committee responsible for decision-making on sustainability-related issues. Bureau Veritas (India) Private Limited provided limited assurance for the BRSR core indicators.

Safety and Incidents

The company recorded one fatality among workers during FY 2025-26. In response, JK Lakshmi Cement implemented several corrective measures, including the installation of machine guards with interlocks, strengthening of the LOTOTO system, and the deployment of visual cutoff switches. The Lost Time Injury Frequency Rate (LTIFR) was reported at 0.59 for employees and 0.11 for workers.

JK Lakshmi Cement will hold its 86th Annual General Meeting (AGM) on July 30, 2026, at 2:30 PM via Video Conference (VC) / Other Audio Visual Means (OAVM), in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will be conducted through e-voting services provided by Central Depository Services (India) Limited (CDSL). Members attending through virtual mode will be reckoned for the purpose of quorum under Section 103 of the Act.

The Notice of AGM and the Integrated Annual Report for FY 2025-26 are being dispatched exclusively through electronic mode and are available on the company's website as well as the websites of BSE Ltd. and National Stock Exchange of India Limited. The company has fixed July 23, 2026 as the cut-off date for determining members entitled to vote, with remote e-voting open from July 25, 2026 (10:00 AM) to July 29, 2026 (5:00 PM).

Key AGM Dates and Events

The following table summarises the key dates associated with the 86th AGM:

AGM Business and Resolutions

The AGM agenda includes ordinary business such as adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, declaration of dividend, and re-appointment of Dr. Arun Kumar Shukla (DIN: 09604989) as Director retiring by rotation. Special business includes ratification of remuneration of M/s R.J. Goel & Co. as Cost Auditors at ₹4 Lakh for FY 2026-27, and re-appointment of Smt. Vinita Singhania (DIN: 00042983) as Chairperson & Managing Director for a further period of five years with effect from August 1, 2026. The Board has recommended a dividend of ₹6.50 per Equity Share of ₹5 each (130%) for FY 2025-26, subject to member approval, with a total dividend outgo of ₹80.72 Crore.

Financial Performance for FY 2025-26

JK Lakshmi Cement delivered strong financial performance during FY 2025-26, achieving its highest-ever turnover and EBIDTA. The key financial results are presented below:

The Company recorded revenue from operations of ₹6,762.63 Crore during the year under review, compared to ₹6,192.62 Crore in FY 2024-25. Profit before Tax stood at ₹574.25 Crore in FY 2025-26 as compared to ₹402.90 Crore in FY 2024-25. Cement production was higher by 10.38% at 126.07 lakh tonnes, while sales volumes of cement and clinker grew to 133.46 lakh tonnes, up from 121.29 lakh tonnes in the prior year. The Company's Net Debt reduced from ₹1,379 Crore as of March 2025 to ₹1,266 Crore as of March 2026. Net Debt Equity reduced to 0.32 in FY 2025-26 from 0.39 in FY 2024-25.

Key Financial Ratios

Clinker and Cement Production

The following tables present production performance over the last five financial years:

Clinker Production

Cement Production

Capacity Expansion and Strategic Developments

During FY 2025-26, the Company successfully commissioned the additional Grinding Unit of 13.50 Lakh Tonnes Per Annum at Surat and completed debottlenecking at Jaykaypuram, Sirohi, taking total cement capacity from 16.5 MTPA to 18 MTPA. The expansion of the Integrated Cement Plant at Durg in Chhattisgarh is in progress, to be completed in phases by March 2028, which will increase Clinker capacity from 10 MTPA to 12.3 MTPA and Cement capacity from 18 MTPA to 22.6 MTPA. The Company acquired 77.96% equity shareholding in NECEM Cements Limited, making it a subsidiary, to strengthen presence in the North-Eastern region. The Company also acquired 26% equity shareholding in Ampin C&I Power Four Private Limited for a 9.90 MWp Solar Power Project under the Captive Power Route. The Company's capacity expansion target is 30 MTPA by FY 2029-30, with a longer-term goal of 32.5 MTPA by FY 2030.

The Company's acquisition of 85% stake in Trivikram Consortium in Assam was jeopardized with the cancellation of the MDO Agreement by Assam Mineral Development Corporation (AMDC). The Company has initiated legal proceedings against the seller for recovery of ₹130 Crore paid along with damages. Subsequently, the Company was declared the 'Preferred Bidder' for three Limestone Blocks measuring a total area of 605 ha by AMDC in the State of Assam.

Smart Building Solutions (SBS)

JK Lakshmi Cement's SBS business delivered strong operational performance with double-digit growth in FY 2025-26, now accounting for 10% of total sales. Five new RMC plants were commissioned across Bhopal, Faridabad, Bhavnagar, Indore, and Durg. The Company also entered South India by acquiring an AAC plant in Andhra Pradesh, launched Tile Adhesive production, and added two Gypsum Plaster trading units in Rajasthan. The SBS segment is supported by a manufacturing footprint comprising 23 RMC plants, 5 AAC block plants, and 3 putty plants.

Sustainability and ESG Performance

JK Lakshmi Cement achieved a renewable power share of approximately 47% of total electrical energy consumption in FY 2025-26. The Company attained a Thermal Substitution Rate (TSR) of 9% and increased Solar Power Capacity to 124.25 MW. Low-carbon blended cement accounted for 62% of total cement production. The Company launched GreenPro LC3 (Limestone Calcined Clay Cement) in February 2026, reducing CO₂ emissions by up to 40% compared to standard Portland Cement. The Company has committed to the RE100 initiative, targeting 60% renewable energy by 2030 and 100% renewable electricity by 2040, and has also undertaken a commitment to the Science Based Targets initiative (SBTi). Total Scope 1 emissions stood at 7,764,061.11 metric tonnes of CO₂ equivalent and Scope 2 emissions at 231,139.91 metric tonnes of CO₂ equivalent in FY 2025-26.

Credit Rating and Dividend

CRISIL Ratings Limited and CARE Ratings Limited have re-affirmed the Company's Long-term Rating at AA (Double A) with a Stable Outlook. The Company continues to enjoy the highest possible Short-term rating of A1+ from both agencies. The Board has recommended a dividend of ₹6.50 per Equity Share of ₹5 each (130%) for FY 2025-26, with a total dividend outgo of ₹80.72 Crore, subject to member approval at the AGM.

CSR and Community Development

Total CSR expenditure during FY 2025-26 stood at ₹10.88 Crore, benefiting approximately 3.28 lakh beneficiaries across health, education, livelihood, skill development, water & sanitation, and rural development projects. The Company invested ₹10.88 Crore in projects such as the Aarogya project for preventive healthcare, Vidya project for education, Aajivika project for skilling and livelihoods, Swajal & Swachhta project for water and sanitation, and Gramin Vikas project for rural development.

Shareholder and Investor Information

The company has outlined procedures for registering email addresses and bank account details for shareholders. For physical shares, members must contact MCS Share Transfer Agent Limited, while demat shareholders must approach their Depository Participant. Dividend income is taxable under the Income Tax Act, 2025, and tax deducted at source will apply at prescribed rates. The company has also initiated its second 100 Days Campaign titled "Saksham Niveshak", which ran from April 1, 2026, to July 9, 2026, to create awareness among members to update KYC details and claim pending dividends before transfer to the Investor Education and Protection Fund (IEPF).

A special window for the transfer and dematerialisation of physical securities sold or purchased prior to April 1, 2019 is available from February 5, 2026, to February 4, 2027. Securities transferred under this window will be mandatorily credited to the transferee in demat mode and will remain under lock-in for one year from the date of transfer registration.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE786A01032/14b5faf3-1f86-48ed-9bbd-5ca842a96619.pdf