Shree Cement Limited has announced its plans to establish a wholly owned subsidiary in Mauritius, marking a significant step in the company's international expansion strategy. The Business Operations Committee of the Board of Directors approved the incorporation of this new operational unit.

Subsidiary Details and Structure

The proposed subsidiary will be named Shree Cement (Mauritius) Limited and is currently under the incorporation process. The company will operate as a 100% wholly owned subsidiary of Shree Cement Limited, ensuring complete control and strategic alignment with the parent company's objectives.

Business Operations and Scope

The Mauritius subsidiary will focus on comprehensive cement-related operations and trading activities. The company's business scope encompasses installation and operation of cement facilities, blending operations, storage and packaging of cement products, and extensive trading activities.

Key Business Activities:

• Installation and operation of cement facilities
• Cement blending operations
• Storage and packaging of cement products
• Trading of cement, clinker, and coal
• Trading of other construction materials
• All related and connected activities in the cement industry

Regulatory Compliance and Approvals

The incorporation process does not require any specific governmental or regulatory approvals beyond standard incorporation procedures. The company has fulfilled all disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Implications

This subsidiary establishment represents Shree Cement's continued focus on expanding its operational footprint in international markets. The Mauritius location provides strategic advantages for the company's cement and trading operations, particularly given the jurisdiction's business-friendly environment and strategic location for international trade operations.

The 100% cash subscription model demonstrates the company's financial commitment to this expansion, with the parent company maintaining complete operational and strategic control over the subsidiary's activities.

Shree Cement Limited has achieved a significant milestone with the commissioning of its cement mill at the Kodla plant in Karnataka. The company announced on 14th March, 2026, that it has successfully commissioned the cement mill with a capacity of 3.50 MTPA, marking the completion of its integrated cement plant at the location.

Plant Commissioning Details

The commissioning represents the final phase of the integrated cement plant development at Village Kodla, Kalaburagi District of Karnataka. The company had previously commissioned the clinkerisation section of the plant on 24th February, 2026, which had a capacity of 3.65 MTPA.

Capacity Optimization

A notable aspect of this commissioning is the capacity enhancement achieved through operational improvements. The cement capacity has been optimized from the initially planned 3.0 MTPA to 3.50 MTPA. This increase was realized through equipment optimization and process improvements implemented during the project execution phase.

Enhanced Production Capacity

With the commissioning of this cement mill, Shree Cement's operational footprint at the Kodla location has been significantly strengthened. The completion of the integrated plant brings substantial capacity additions to the company's production portfolio.

Strategic Significance

The commissioning of this integrated cement plant represents a major expansion in Shree Cement's manufacturing capabilities in the Karnataka region. The facility combines both clinkerisation and cement milling operations, providing operational efficiency and enhanced production flexibility. The successful completion of this project demonstrates the company's commitment to expanding its presence in key markets across India.

The company has formally disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, ensuring transparency with stakeholders regarding this significant operational milestone.