Shree Digvijay Cement Company Limited has officially submitted the results of its postal ballot process to BSE Limited and National Stock Exchange of India Limited, confirming the successful appointment of Mr. Shitij Ramesh Kale as a Non-Executive & Non-Independent Director. The company filed the voting results under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the scrutinizer's report.

Stock Exchange Filing and Regulatory Compliance

The company submitted comprehensive documentation to both stock exchanges on 14th March, 2026, including detailed voting results and the scrutinizer's report. The filing was made pursuant to Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014.

Comprehensive Voting Results and Shareholder Participation

The postal ballot process concluded on 14th March, 2026, at 5:00 PM (IST) with overwhelming shareholder support. CS Manoj Hurkat, the appointed scrutinizer, submitted his detailed report confirming the validity of the voting process.

Category-wise Voting Breakdown

The resolution received strong support across all shareholder categories, with promoters showing unanimous approval and public shareholders demonstrating significant participation.

Promoter & Promoter Group

Public Shareholders

Final Resolution Results

The ordinary resolution for appointing Mr. Shitij Ramesh Kale (DIN: 08593079) as a Non-Executive & Non-Independent Director achieved exceptional approval rates across all voting methods.

Documentation and Transparency Measures

The company ensured full transparency by making the voting results and scrutinizer's report available on its website at www.digvijaycement.com and on NSDL's e-voting portal at www.evoting.nsdl.com . The process was conducted entirely through electronic means, with no physical postal ballots received, in compliance with MCA and SEBI circulars.

The successful completion of this postal ballot process enables Mr. Shitij Ramesh Kale to formally assume his role as a Non-Executive & Non-Independent Director, representing the promoter group's interests on the company's board.

Shree Digvijay Cement Company Limited has executed facility agreements with ICICI Bank and Axis Bank for term loan facilities totaling ₹488 crores. The facility agreements and security creation documents were executed on 12th March, 2026, as disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Facility Agreement Structure

The comprehensive financing package addresses two primary business requirements through strategic fund allocation. The facility agreements provide funding for the security deposit under the Brand Usage, Supply and Distributorship Agreement (BDA) and refinancing of the company's new cement mill operations.

BDA Security Deposit Funding

The facility agreements enable the company to fund the refundable security deposit of ₹400 crores required under the Brand Usage, Supply and Distributorship Agreement with Hi-Bond Cement (India) Private Limited. This agreement provides exclusive long-term distribution rights for cement products manufactured by HIBOND, representing a significant business expansion opportunity.

Cement Mill Refinancing Component

The refinancing component of ₹132 crores addresses the company's new cement mill project, with equal contributions of ₹66 crores each from both banking partners. This refinancing initiative optimizes the company's capital structure while supporting enhanced manufacturing capabilities and production capacity expansion.

Regulatory Compliance and Approvals

The facility execution follows previous regulatory disclosures, including the company's proposal intimated on 4th September 2025, the increase in overall borrowing limits to ₹750 crores disclosed on 16th September 2025, and the CCI approval obtained for BDA transactions as reported on 19th November 2025. The systematic approach demonstrates the company's commitment to regulatory compliance and transparent stakeholder communication.

Source: None/Company/INE232A01011/62dbe358-692d-4833-997d-9dae5d6f7362.pdf