Shri Keshav Cement & Infra has approved the re-appointment of Mr. Vilas Katwa (DIN: 00206015) as its Managing Director for a term of five years. The new tenure is scheduled to begin on May 27, 2027, and conclude on May 26, 2032, subject to approval by shareholders at the company’s upcoming 33rd annual general meeting.

The board made this recommendation following advice from the Nomination and Remuneration Committee during its meeting held on August 14, 2026. This appointment ensures continuity in leadership as Mr. Katwa, who holds an MBA from the University of Massachusetts, Boston, brings extensive experience in cement manufacturing, information technology, and industrial production to the role.

Board Meeting Outcomes

In addition to the management appointment, the board considered and approved the unaudited financial results for the first quarter of fiscal year 2027, covering the period ended June 30, 2026. The directors also finalized the directors' report along with all annexures for the financial year 2025-26.

The meeting concluded with the fixation of the day, date, time, and venue for the 33rd annual general meeting. The agenda for the AGM will include the ratification of Mr. Katwa’s re-appointment alongside other standard administrative items.

Leadership Profile

Mr. Vilas Katwa currently holds 21,64,800 equity shares in the company. He is the brother of Chairman Venkatesh Katwa and Deepak Katwa. His professional background includes starting his career as a chief systems engineer at McCormack Institute of Public Affairs before joining Shri Keshav Cements as Joint Managing Director. He has since initiated several IT-driven controls over production and quality parameters.

Shri Keshav Cements and Infra Limited reported a net loss of ₹652.88 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹616.85 lakh in the previous year. Revenue from operations increased 32.85% year-on-year to ₹16,131.12 lakh from ₹12,145.34 lakh. The company's Board of Directors approved the audited financial results during a meeting held on May 29, 2026, under Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The statutory auditor, M/s. Singhi & Co., issued a qualified opinion on the financial results. The qualification relates to an advance payment of GST amounting to ₹641.52 lakh plus interest and penalties of ₹218.11 lakh, totaling ₹859.63 lakh, made during financial years 2020-21 and 2021-22. The liability pertains to financial years 2018-19 and 2019-20 following a search by GST Intelligence. As the investigation by the Directorate General of GST Intelligence (DGGI) was not complete and no order had been passed by March 31, 2026, the auditors stated they were unable to comment on the impact on the financial statements. The management noted that a refund petition is pending in the High Court.

Operational metrics showed mixed performance. While annual sales and dispatches increased by over 32% and 36% year-on-year respectively, the company faced higher expenses. Total expenses for the year rose to ₹16,567.93 lakh from ₹12,630.09 lakh. Finance costs increased to ₹2,156.49 lakh from ₹1,810.13 lakh. However, the company reported that cash profits and EBITDA increased by 73% and 38% year-on-year, respectively.

The balance sheet indicates a reduction in bank borrowings by over 15% from ₹181 crore to ₹153 crore. Three term loans with a sanctioned value of ₹61.40 crore were prepaid and closed in FY26. Consequently, the repayment obligation for FY27 reduced by 20.79% to ₹22.93 crore from ₹28.95 crore in FY26. Total assets stood at ₹42,322.12 lakh as of March 31, 2026, up from ₹40,998.82 lakh a year earlier.

Financial Performance for FY26

Segment Performance

Revenue from the Cement segment grew to ₹13,637.80 lakh from ₹9,395.74 lakh in the previous year. The Solar Energy segment revenue declined to ₹1,388.02 lakh from ₹1,775.58 lakh. The Petrol and Diesel segment revenue increased to ₹1,105.31 lakh from ₹974.02 lakh.