Shree Cement Limited has recommended a final dividend of ₹70 per equity share of ₹10 each for the financial year ended March 31, 2026. The dividend, amounting to 700%, will be paid after shareholder approval at the Annual General Meeting scheduled for Friday, July 31, 2026. The company has fixed Friday, July 17, 2026, as the record date to determine member entitlement. Shareholders must submit necessary documentation by Thursday, July 16, 2026, to ensure the correct tax rate is applied, failing which tax may be deducted at higher rates.

Under the Income-tax Act, 2025, dividend income is taxable in the hands of shareholders. The company will deduct tax at source (TDS) at the time of payment. The applicable TDS rate varies based on the shareholder's residential status and category. For resident individuals, the rate is generally 10%, while it is NIL if dividend income does not exceed ₹10,000 during FY 2026-27 or if Form 121 is submitted. A higher rate of 20% applies to resident shareholders without a valid PAN or with an in-operative PAN. Non-resident shareholders are subject to the lower of 20% (plus surcharge and cess) or the applicable tax treaty rate, provided valid documents such as a Tax Residency Certificate (TRC) and Form 41 are submitted.

TDS Rates and Shareholder Categories

The table below summarizes the tax implications for different shareholder categories:

Shareholders must submit documents such as Form 121, TRC, and PAN details to the Registrar and Transfer Agent, MUFG Intime India Private Limited, exclusively through the designated portal or email. The deadline for submission is Thursday, July 16, 2026, at 5:00 PM IST. The company emphasized that it will not be responsible for refunds of excess tax deducted due to incomplete or late submissions. Shareholders can claim credit or refund while filing their income-tax returns.

The company also advised shareholders to update their bank account details and PAN information to avoid delays or higher tax deductions. Dividends for physical shareholders will be paid only via electronic mode, necessitating updated bank details and PAN registration. The AGM will be held on July 31, 2026, at the Ramchandra Auditorium in Bangur Nagar, Beawar, Rajasthan.

Shree Cement Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with the National Stock Exchange of India Limited and BSE Limited. The filing, submitted by Company Secretary S.S. Khandelwal, details the company's performance on environmental, social, and governance parameters. The report highlights that the company achieved water positivity of more than eight times, indicating that it replenishes more water than it consumes. Additionally, the company expanded its renewable energy footprint, advancing toward its RE100 ambition through increased use of waste heat recovery, solar, and wind power.

The company reported a total workforce of 24,657 individuals, comprising 7,962 employees and 16,695 workers. The gender diversity stood at 1.8% for employees and 1.1% for workers. In terms of safety, the company recorded zero fatalities for employees and permanent workers, while four contract workers lost their lives during the reporting period. The Lost Time Injury Frequency Rate (LTIFR) for workers was 0.21 per million person hours worked, compared to 0.05 in the previous year. The company spent 0.06% of its total revenue on well-being measures for employees and workers.

Environmental Performance

Shree Cement disclosed its total energy consumption for the year as 1,07,249 Terajoules (TJ), with energy intensity per rupee of turnover recorded at 5.55 TJ/₹ Crore. The company reported total Scope 1 emissions of 2,20,31,435 metric tonnes of CO2 equivalent and Scope 2 emissions of 3,13,672 metric tonnes of CO2 equivalent. The combined emission intensity stood at 562 kg CO2e per tonne of cementitious material produced. The company has set a target to reduce Scope 1 carbon intensity to 0.51 Tonnes CO2/tonne cementitious material and Scope 2 intensity to 0.005 tCO2/Tonnes cementitious material by 2030.

Water withdrawal totalled 27,89,401 kilolitres, with a water intensity of 0.0677 kilolitres per tonne of cement production. The company maintained a Zero Liquid Discharge status across all manufacturing locations. Total waste generated amounted to 16,933.43 metric tonnes, with 16,932.30 metric tonnes recovered through recycling. The waste intensity per rupee of turnover was 876.9 kg/₹ Cr.

Governance and Stakeholder Engagement

The report confirms that the Board of Directors approved policies covering all nine principles of the National Guidelines on Responsible Business Conduct (NGRBC). The CSR and Sustainability Committee provides oversight on sustainability-related matters. The company identified material issues such as climate change, water management, and cybersecurity as risks, while waste management and low-carbon products were noted as opportunities. Independent assessment for BRSR Core was provided by SGS India Private Limited.

Stakeholder grievances included 377 customer complaints, all of which were resolved during the year. The company received 17 complaints from communities, with eight pending resolution at the end of the year. There were no reported instances of anti-competitive conduct, fines, or penalties during the financial year. The company continues to engage with trade associations such as the Confederation of Indian Industry (CII) and the Cement Manufacturers' Association (CMA) to advocate for low-carbon roadmaps and enhanced use of blended cement.