Shree Cement Limited has informed the stock exchanges of two senior management changes pursuant to Regulation 30 read with Para A Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure, signed by Company Secretary S.S. Khandelwal and dated 6th May, 2026, outlines the superannuation of a long-serving senior official and the induction of a new appointee to the corporate affairs function.

Senior Management Transition Details

The company has provided the following details regarding both changes as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026:

Superannuation of Mr. Sanjay Mehta

Mr. Sanjay Mehta, who serves as President – Procurement & Corporate Affairs and is designated as Senior Management Personnel, will superannuate on 31st August, 2026, at the close of business hours. Upon his superannuation, he will cease to be a member of the Senior Management of the company. No further profile details were provided for Mr. Mehta as part of this disclosure, in line with applicable regulatory requirements.

Appointment of Mr. Gaurav Jain

Mr. Gaurav Jain has been appointed as Head – Corporate Affairs of Shree Cement Limited with effect from 20th June, 2026, subject to the approval of the shareholders of the company. His appointment is subject to shareholder approval as he is a relative of the Chairman and Vice Chairman of the company, who are Promoters. Key highlights of his professional background include:

• Over two decades of experience in sales, business development, investor relations, and corporate affairs
• Leadership roles at the Jaypee Group
• Prior stints with ICICI Group and Accenture
• Holds an MBA from the Indian School of Business, Hyderabad (GSB Merit Scholarship)

Regulatory Compliance

The disclosures have been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI Circular dated 30th January, 2026. The company has submitted the requisite annexure detailing both personnel changes to the National Stock Exchange of India Limited and BSE Limited for their records.

Shree Cement Limited has informed stock exchanges about the dismissal of its appeal by the Commissioner (Appeals), CE & CGST, Jodhpur, resulting in the reinstatement of a penalty related to Cenvat Credit violations. The company disclosed this development under Regulation 30 of SEBI listing regulations on April 30, 2026, following an earlier intimation dated February 4, 2025.

Appeal Dismissal Details

The Commissioner (Appeals), CE & CGST, Jodhpur dismissed the appeal filed by Shree Cement against a demand order passed by the Assistant Commissioner, Pali Division, Rajasthan. The dismissal was made for technical reasons, which has resulted in the reinstatement of the original penalty.

Nature of Violation

The penalty stems from allegations of wrong availment of Cenvat Credit by the company. Cenvat Credit is a mechanism that allows manufacturers to claim credit for duties paid on inputs used in the production process. The Assistant Commissioner, Pali Division, Rajasthan had originally passed the demand order imposing the penalty for this violation.

Financial Impact Assessment

Shree Cement has assessed that the order will have no major financial impact on the company's operations. The penalty amount of Rs. 3,59,831, while significant in absolute terms, appears manageable for the cement manufacturer given its scale of operations.

Company's Response Strategy

The company is currently reviewing the dismissal order and consulting with legal advisors to determine the appropriate course of action. Shree Cement has indicated that it is evaluating next steps, which may include filing an appeal before the Tribunal. The disclosure was made through official communication to both NSE and BSE, signed digitally by Company Secretary S.S. Khandelwal.

The company's proactive approach in consulting legal experts suggests it may challenge the dismissal through available appellate mechanisms. This regulatory disclosure demonstrates Shree Cement's commitment to transparency in keeping shareholders informed about material developments affecting the company.