Shree Cement advances Gaurav Jain's appointment to June 1

1 min read Updated on 29 May 2026, 02:43 AM

Reviewed by

Ashish TScanX News Team

AI Summary

Shree Cement has advanced the appointment of Mr. Gaurav Jain as Head - Corporate Affairs to June 1, 2026, following Board approval. This revision in terms negates the earlier requirement for shareholder approval. Mr. Jain, a relative of the company's promoters, brings over two decades of experience in corporate affairs.

*this image is generated using AI for illustrative purposes only.

Shree Cement has advanced the appointment of Mr. Gaurav Jain as Head - Corporate Affairs to June 1, 2026. The Board of Directors approved the revision in the effective date and other terms of his appointment. Consequently, the requirement to seek shareholder approval is no longer applicable.

The company had previously communicated on May 6, 2026, regarding the appointment of Mr. Jain effective from June 20, 2026, subject to shareholder approval. The decision to advance the date and modify the terms negates the need for this regulatory approval.

Mr. Jain brings over two decades of experience in sales, business development, investor relations, and corporate affairs. His professional background includes leadership roles at the Jaypee Group and stints with the ICICI Group and Accenture. He holds an MBA from the Indian School of Business, Hyderabad, under the GSB Merit Scholarship.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that while Mr. Jain is not being appointed as a Director, he is a relative of Mr. H.M. Bangur, Chairman, and Mr. Prashant Bangur, Vice Chairman, who are promoters of the company.

Details of Appointment

Sr. No.	Particulars	Details
1.	Name of Senior Management	Mr. Gaurav Jain
2.	Designation	Head – Corporate Affairs
3.	Reason for Change	Appointed as Senior Management Person of the Company
4.	Date of appointment	1 June, 2026

Historical Stock Returns for Shree Cement

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.49%	+3.50%	+0.60%	-5.53%	-18.34%	-9.94%

How will Mr. Jain's extensive background in investor relations influence Shree Cement's communication strategy with shareholders?

What strategic priorities will Mr. Jain focus on in his role as Head of Corporate Affairs, given his experience in sales and business development?

Will this appointment lead to any organizational changes or new initiatives within the corporate affairs department?

ESG Rating Upgrade Details

CARE ESG Ratings Limited, through a letter dated 12th May, 2026, upgraded Shree Cement's ESG rating score while maintaining its existing rating symbol. The key details of the rating action are presented below:

Parameter:	Details
Rating Agency:	CARE ESG Ratings Limited
Previous ESG Score:	70.8
Upgraded ESG Score:	73.8
Rating Symbol:	CareEdge-ESG 1 (Reaffirmed)
Letter Date:	12th May, 2026
Disclosure Date:	13th May, 2026

Factors Behind the Upgrade

According to the disclosure, the upgrade in ESG score reflects the company's continued strengthening across key areas of its business operations. The rating agency highlighted the following drivers behind the improved score:

Strengthening of sustainability practices
Improvement in operational efficiency
Enhanced governance oversight across business operations

Regulatory Disclosure

The intimation was submitted to both the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by S.S. Khandelwal, Company Secretary of Shree Cement Limited, on 13th May, 2026. Shree Cement's corporate office is located at DLF Epitome, Building No. 5, Tower B, 9th Floor, DLF Cyber City, Gurugram, Haryana, while its registered office is situated at Bangur Nagar, Beawar, Rajasthan.

Historical Stock Returns for Shree Cement

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.49%	+3.50%	+0.60%	-5.53%	-18.34%	-9.94%

How might Shree Cement's improved ESG score of 73.8 influence its ability to attract ESG-focused institutional investors and potentially lower its cost of capital in future debt or equity raises?

Could this ESG rating upgrade position Shree Cement more competitively against peers like UltraTech Cement and Ambuja Cements in securing green financing or sustainability-linked bonds?

What specific capital expenditure plans or sustainability initiatives might Shree Cement undertake next to push its ESG score beyond the 75+ threshold and potentially achieve a higher rating symbol?