Sri Chakra Cement Limited has announced the layoff of workmen at its Sri Narasimhapuri unit, effective August 1, 2026. This operational adjustment marks a significant change in staffing levels for the facility. The decision impacts the workforce directly employed at this specific location.

The company disclosed the timeline for the layoffs in its recent communication. The action is set to begin on August 1, 2026. No additional context regarding the duration or scale of the layoffs was included in the source material.

Operational Details

The layoff applies specifically to the Sri Narasimhapuri unit. The company did not specify the number of workmen affected by this decision. There is no information provided regarding whether other units are impacted.

Regulatory and Procedural Context

The announcement serves as formal notice of the impending staff reduction. The filing does not cite specific regulatory provisions or board resolutions associated with this action. Investors should monitor future disclosures for updates on the status of these layoffs.

Sri Chakra Cement Limited will hold its 44th Annual General Meeting on Wednesday, August 19, 2026, at 12:00 noon via video conferencing and other audio-visual means. The meeting aims to transact business as outlined in the notice dated May 22, 2026. This virtual format ensures broad shareholder participation while complying with Ministry of Corporate Affairs and Securities and Exchange Board of India guidelines.

The company is providing an e-voting facility through Central Depository Services (India) Limited to enable shareholders to cast their votes remotely. Eligibility to vote is determined by the cut-off date of August 12, 2026. Members whose names appear in the Register of Members or the register of Beneficial Owners maintained by Depositories as of this date are entitled to vote. Shareholders who have already cast their vote via remote e-voting may attend the meeting but cannot vote again at the AGM.

Procedural timelines for the e-voting process are strictly defined to ensure orderly conduct. Remote e-voting commences on Tuesday, August 16, 2026, at 9:00 a.m. and concludes on Thursday, August 18, 2026, at 5:00 p.m. Shareholders are advised to register or update their email addresses with their Depository Participants to receive the notice and annual report electronically. Physical copies are available upon specific request.

To determine dividend entitlements and voting rights, the company will close its register of members and share transfer books. The closure period spans from August 13, 2026, to August 19, 2026, both days inclusive. During this window, no transfers of shares will be registered. This measure ensures an accurate record of shareholders eligible for participation in the annual meeting.

Shareholders with queries regarding e-voting can contact Venture Capital and Corporate Investment Private Limited, the Registrar and Transfer Agent, or helpdesk.evoting@cdslindia.com . In compliance with SEBI Circular No. SEBI/HO/MRSD/MRSD-POD-1/P/CIR/2023/37, holders of physical securities must furnish PAN, address, email, mobile number, bank account details, specimen signature, and nomination. Folios missing any of these details will be frozen by the RTA until compliance is achieved.