Shree Cement Limited has successfully completed its postal ballot process, with shareholders approving the re-appointment of Mr. Hari Mohan Bangur as Chairman for another five-year term. The company declared the results on 23rd March, 2026, following the conclusion of the remote e-voting process, as communicated to NSE and BSE under Regulation 44(3) of SEBI LODR Regulations.

Postal Ballot Results Overview

The special resolution for Mr. Hari Mohan Bangur's re-appointment as Whole Time Director, designated as Chairman, received overwhelming support from shareholders. The resolution was deemed passed on 20th March, 2026, which was the last date of remote e-voting.

Voting Statistics and Shareholder Participation

The postal ballot witnessed significant participation across different shareholder categories. Out of 36,080,748 total outstanding shares, 30,868,658 votes were polled, representing 85.55% participation from 29,594 eligible shareholders.

Category-wise Voting Pattern

The voting pattern revealed unanimous support from promoter groups while showing mixed response from institutional investors.

Promoter and Promoter Group

Public Institutions

Public Non-Institutions

E-voting Process and Compliance

The postal ballot was conducted entirely through remote e-voting, with no physical ballot papers sent to shareholders. The e-voting facility was provided by MUFG Intime India Private Limited.

Scrutinizer Appointment and Regulatory Compliance

Mr. Akshit Kumar Jangid, Practicing Company Secretary, was appointed as the Scrutinizer for the postal ballot process. The entire process was conducted in compliance with Section 108 and Section 110 of the Companies Act, 2013, and relevant SEBI regulations. The scrutinizer's report confirmed the validity of the voting process and the accuracy of the results declared by the company. Company Secretary S.S. Khandelwal communicated the results to both NSE and BSE, fulfilling the regulatory disclosure requirements under SEBI LODR Regulations.

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.