Shree Cement Limited has successfully incorporated its wholly owned subsidiary in Mauritius, completing a significant milestone in the company's international expansion strategy. The company has informed stock exchanges about the incorporation of Shree Cement (Mauritius) Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Subsidiary Incorporation Details

The subsidiary has been officially incorporated with complete regulatory compliance and disclosure requirements fulfilled. The incorporation represents the successful execution of the Business Operations Committee's earlier approval for this strategic international expansion.

Business Operations and Scope

The Mauritius subsidiary will focus on comprehensive cement-related operations and trading activities. The company's business scope encompasses cement operations, blending activities, storage and packaging operations, and extensive trading in construction materials.

Core 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 Disclosure

The company has completed all necessary regulatory disclosures as required under SEBI regulations. The incorporation process was completed without requiring specific governmental or regulatory approvals beyond standard incorporation procedures. Shree Cement has fulfilled its disclosure obligations to both NSE and BSE under the prescribed regulatory framework.

Strategic Implications

This subsidiary establishment represents Shree Cement's successful expansion into international markets through the Mauritius jurisdiction. The location provides strategic advantages for cement and trading operations, offering a business-friendly environment and strategic positioning for international trade activities. The 100% ownership structure ensures complete operational and strategic control over the subsidiary's activities, aligning with the parent company's expansion objectives.

Shree Cement Limited has successfully secured mining rights for a significant limestone block in Andhra Pradesh, marking a strategic expansion of its raw material sourcing capabilities. The company has been declared the preferred bidder for the Dommarnandyala-1 Limestone Block mining lease through an e-auction process.

Mining Block Details

The limestone block acquisition represents a substantial addition to Shree Cement's mining portfolio. The company participated in an e-auction conducted by the Government of Andhra Pradesh for the grant of mining lease rights.

Regulatory Compliance

The company made this disclosure in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. The announcement was communicated to both the National Stock Exchange of India Limited and BSE Limited through official channels.

Strategic Significance

Limestone serves as a crucial raw material in cement manufacturing, and securing dedicated mining rights helps ensure consistent supply chain operations. The 373-hectare block in YSR Kadapa District provides Shree Cement with direct access to limestone reserves in the southern region of India.

The successful bidding process demonstrates the company's commitment to expanding its raw material base and strengthening its operational infrastructure across different geographical regions.