Shree Digvijay Cement Company Limited has provided an official update to stock exchanges regarding the ongoing appointment process for a new Chief Executive Officer and Managing Director. The company filed this communication under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on 29th April 2026.

Current Selection Process Status

The cement manufacturer's Nomination & Remuneration Committee (NRC) is actively evaluating shortlisted candidates for the CEO & MD position. According to the official communication, the selection process is progressing systematically with the committee currently reviewing potential candidates who have been identified for the leadership role.

Background and Regulatory Context

The appointment process was initiated following the resignation of the company's previous CEO & Managing Director, which became effective from 6th February 2026. The company had initially informed exchanges about this resignation on the same date, maintaining transparency with stakeholders throughout the transition period.

Next Steps in Appointment Process

Once the Nomination & Remuneration Committee completes its evaluation and finalizes its recommendation, the Board of Directors will consider and approve the appointment of the new CEO & Managing Director. The company has committed to keeping stakeholders informed as the process progresses toward completion.

The official update was signed by Suresh Meher, Senior Vice President (Legal) & Company Secretary, and communicated to both BSE Limited (Scrip Code: 502180) and National Stock Exchange of India Limited (Symbol: SHREDIGCEM) as part of the company's regulatory disclosure obligations.

Shree Digvijay Cement Company has released its Q4 financial results, revealing a challenging quarter with declines across major performance indicators. The cement manufacturer faced headwinds that impacted both operational efficiency and profitability metrics during the reporting period.

Financial Performance Overview

The company's Q4 results demonstrate the pressures facing the cement industry, with key metrics showing year-on-year contractions. The financial performance reflects operational challenges that affected both revenue generation and margin sustainability.

Revenue and Operational Metrics

The company's revenue performance showed a contraction during Q4, with total revenue declining to 2.1B rupees from 2.2B rupees in the corresponding quarter of the previous year. This revenue decline contributed to the overall pressure on the company's financial metrics and operational performance.

Profitability Analysis

EBITDA for the quarter reached 249M rupees, representing a decrease from the 277M rupees achieved in the same period last year. The EBITDA margin compressed to 11.94% compared to 12.8% in the previous year's corresponding quarter, indicating challenges in maintaining operational efficiency and cost management.

Bottom Line Impact

The company's net profit experienced a substantial decline, falling to 79M rupees from 184M rupees in the previous year's Q4. This significant reduction in profitability reflects the combined impact of lower revenues and margin pressures on the company's overall financial performance during the quarter.