Shree Cement shareholders approve ₹150 dividend, re-elect director
Shree Cement Limited shareholders approved a final dividend of ₹70 per share, totaling ₹150 per share including interim payout, and re-elected Prashant Bangur as director with 99.44% support at the 47th AGM held on July 31, 2026. The meeting also ratified cost auditors and adopted FY26 financial statements.
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Shree Cement Limited shareholders approved a final dividend of ₹70 per equity share for FY26, bringing the total payout to ₹150 per share when combined with the interim dividend of ₹80. The resolutions were passed during the company’s 47th Annual General Meeting (AGM) held on July 31, 2026, at its registered office in Beawar, Rajasthan. The near-unanimous support for the dividend declaration reflects strong shareholder confidence in the company’s capital return strategy and financial health.
The Board of Directors also secured approval for the re-appointment of Prashant Bangur (DIN: 00403621), who retires by rotation but is eligible and has offered himself for re-election. This resolution passed with 99.44% support. Additionally, shareholders ratified the remuneration of M/s. K. G. Goyal and Associates, Cost Accountants, as the Company’s Cost Auditors for the financial year ending March 31, 2027. The adoption of the audited standalone and consolidated financial statements for FY26 was also approved with 99.82% support.
Voting Results Summary
The AGM was attended by 45 shareholders in person or through proxy (13 promoters, 32 public), with no attendees via video conferencing. The record date for determining voting eligibility was July 24, 2026, with 26,921 shareholders on the register. Remote e-voting was conducted through National Securities Depository Limited (NSDL) from July 28 to July 30, 2026.
| Resolution | Votes In Favor | Votes Against | % Support |
|---|---|---|---|
| Adoption of Financial Statements (FY26) | 30,978,475 | 54,550 | 99.82% |
| Confirmation of Interim Dividend (₹80/share) | 31,037,196 | 25 | 99.99% |
| Declaration of Final Dividend (₹70/share) | 31,037,196 | 25 | 99.99% |
| Re-appointment of Prashant Bangur | 30,865,202 | 172,019 | 99.44% |
| Ratification of Cost Auditors | 31,037,191 | 30 | 99.99% |
Procedural Compliance and Scrutiny
The voting process was scrutinized by Akshit Kumar Jangid, Practicing Company Secretary, appointed under Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014. The scrutinizer’s report confirms that the remote e-voting facility was available from 9:00 A.M. IST on July 28, 2026, to 5:00 P.M. IST on July 30, 2026. Votes were downloaded from the NSDL e-voting website in the presence of two independent witnesses, Mrs. Supriya Sharma and Ms. Deepika Sharma, who are not employed by the Company. The results were reconciled with records maintained by the Registrar and Transfer Agent and depositories before being declared valid.
All resolutions were passed as Ordinary Resolutions. The promoter group, holding 22,569,197 shares, voted entirely in favor of all resolutions. Public institutions and non-institutional investors also showed significant support, with participation rates reflecting high engagement among institutional holders. H.M. Bangur, Chairman of the Company, presided over the meeting, which concluded at 3:35 P.M.
Historical Stock Returns for Shree Cement
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.08% | -3.82% | -9.57% | -8.41% | -20.89% | -7.65% |
How will the ₹150 per share dividend payout impact Shree Cement's free cash flow and capital expenditure plans for FY27?
Does the near-unanimous approval of financial statements signal investor confidence in the company's ability to navigate potential regulatory changes in the cement sector?
What is the expected impact of Prashant Bangur's re-appointment on the company's strategic direction and governance stability?
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