Anjani Portland Cement Limited has successfully concluded its postal ballot process with all four proposed resolutions receiving shareholder approval. The results, declared on December 26, 2025, mark a significant milestone in the company's corporate restructuring efforts.

Postal Ballot Results Overview

The scrutinizer's report, prepared by Shaik Razia from D. Hanumanta Raju & Co., Company Secretaries, confirmed the approval of all resolutions with overwhelming support from shareholders. The e-voting process concluded on December 24, 2025, with votes being unblocked at 5:03 PM in the presence of independent witnesses.

Key Approved Transactions

The approved resolutions enable Anjani Portland Cement to proceed with its strategic restructuring plan:

Subsidiary Stake Sale: The company received approval to sell a 48% stake in Bhavya Cement Private Limited to its holding company, Chettinad Cement Corporation, valued at Rs 254.05 crore.

Related Party Transactions: Shareholders approved material related party transactions worth up to Rs 1,000 crore, facilitating significant inter-company dealings.

Voting Process Details

The postal ballot process was conducted entirely through remote e-voting, with 15,487 total shareholders on the record date of November 14, 2025. The e-voting period ran from November 24 to December 24, 2025, facilitated by KFin Technologies Limited.

Financial Restructuring Impact

The approved resolutions address the company's financial challenges, particularly the settlement of outstanding borrowings amounting to Rs 359.45 crore and improvement of liquidity position. Both Anjani Portland Cement and its subsidiary Bhavya Cement have been reporting losses for the past three years, making this restructuring crucial for financial stability.

The successful approval of all resolutions provides Anjani Portland Cement with the necessary shareholder mandate to execute its strategic restructuring plan, potentially improving its financial position in the competitive cement industry.

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.