Anjani Portland Cement Limited (APCL) has announced significant corporate actions following an adjourned board meeting held on November 19, 2025. The board has approved several key decisions that will require shareholder approval through a postal ballot.

Key Decisions

1. Sale of Subsidiary Shares: The board has approved the sale of shares held in its subsidiary, Bhavya Cements Private Limited, to its parent company, Chettinad Cement Corporation Private Limited (CCCPL).

2. Material Related Party Transactions: Approval has been granted for material related party transactions with CCCPL, including both the share sale and transactions in the ordinary course of business.

3. Alteration of Articles of Association: The board has approved changes to the company's Articles of Association.

Postal Ballot Details

Shareholders will be asked to vote on the following matters through a postal ballot:

Meeting Details

The adjourned board meeting commenced at 3:55 PM and concluded at 4:30 PM on November 19, 2025.

Compliance and Next Steps

These decisions have been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has stated that the Postal Ballot Notice will be sent to shareholders in due course and filed with the relevant exchanges.

Investors and stakeholders should note that these corporate actions, particularly the sale of subsidiary shares and the material related party transactions, may have significant implications for the company's structure and operations. Shareholders are advised to carefully review the forthcoming Postal Ballot Notice for detailed information before casting their votes.

Anjani Portland Cement Limited , a subsidiary of Chettinad Cement Corporation Pvt. Ltd., has announced its financial results for the first quarter ended June 30, 2025, along with several key corporate decisions.

Financial Performance

The company reported a significant turnaround in its standalone operations for Q1 FY26:

Anjani Portland Cement's standalone revenue from operations increased by 19.28% year-over-year to ₹115.74 crore in Q1 FY26, compared to ₹97.03 crore in the same quarter last year. The company managed to turn a profit of ₹2.70 crore, a significant improvement from the loss of ₹10.06 crore in Q1 FY25.

On a consolidated basis, which includes its subsidiary Bhavya Cements Private Limited, the company reported:

The consolidated revenue saw a 20.51% increase to ₹139.53 crore. While the company still reported a net loss on a consolidated basis, it significantly reduced from ₹19.08 crore in Q1 FY25 to ₹3.45 crore in Q1 FY26.

Corporate Developments

The Board of Directors, in their meeting held on August 12, 2025, made several key decisions:

1. New Company Secretary: Ms. Krithika Vijay Karthik has been appointed as the Company Secretary and Compliance Officer, effective August 12, 2025. Ms. Karthik brings 22 years of experience in secretarial and compliance functions.

2. Auditor Appointments:

   • M/s. Narasimha Murthy & Co. has been appointed as Cost Auditors for FY 2025-26.
   • M/s. D Hanumantha Raju & Co. has been appointed as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval.

3. Material Related Party Transactions: The board approved transactions with Chettinad Cement Corporation Private Limited (holding company), Bhavya Cements Private Limited (subsidiary), and Chettinad Minerals and Logistics Private Limited.

4. Annual General Meeting: The 41st AGM is scheduled for September 25, 2025, to be held via video conferencing. E-voting will be available from September 22 to September 24, 2025.

The company's improved financial performance, particularly in standalone operations, suggests a recovery in the cement sector. However, the consolidated results indicate that challenges remain, especially for its subsidiary. The new appointments and corporate actions reflect Anjani Portland Cement's efforts to strengthen its governance and operational efficiency as it navigates the evolving market conditions.