Birla Corporation Limited announced significant developments in its mining operations and corporate leadership, along with impressive quarterly financial results.

Auction Success

Birla Corporation's wholly-owned subsidiary, RCCPL Private Limited, has been declared the preferred bidder for the Guda-Rampur Limestone and Manganese Block in Telangana's Adilabad district. The company secured this position by submitting the highest final price offer of 57.10% for the 3.34 square kilometer block.

Official Announcement

The Department of Mines & Geology communicated this decision via letter. Birla Corporation disclosed this information to the stock exchanges in compliance with SEBI regulations.

Leadership Changes

In a separate development, Birla Corporation has re-appointed Sandip Ghose as managing director and CEO for a three-year term.

Quarterly Financial Results

Birla Corporation reported strong financial performance:

Stock Performance

Following these announcements, Birla Corporation shares closed 0.62% higher at ₹1,307.00 on the National Stock Exchange (NSE).

About Birla Corporation Limited

Birla Corporation Limited is a flagship company of the M P Birla Group, with significant interests in cement and jute products. RCCPL Private Limited, formerly Reliance Cement Company Private Limited, became a wholly-owned subsidiary of Birla Corporation in 2016, enhancing the company's cement production capacity.

Birla Corporation Limited, a prominent player in the Indian cement industry, held its 105th Annual General Meeting (AGM) on September 15, 2025, in Kolkata. The meeting, which saw active participation from shareholders, was marked by significant approvals and an unexpected adjournment of a key agenda item.

Shareholder Participation and Voting

The AGM witnessed robust shareholder engagement, with 827 out of 125,342 shareholders on record participating either in person or through proxy. The company had provided remote e-voting facilities from September 12 to September 14, 2025, ensuring wider participation in the decision-making process.

Key Resolutions Approved

Several important resolutions were put to vote and received overwhelming support from shareholders:

1. Financial Statements Adoption: The audited standalone and consolidated financial statements for the year ended March 31, 2025, along with the reports of the Directors and Auditors, were adopted.

2. Dividend Declaration: A dividend of ₹10 per share (100%) was declared for the financial year 2024-25.

3. Director Reappointment: Shri Sandip Ghose (DIN: 08526143) was reappointed as a director, retiring by rotation.

4. Management Continuity: Shri Sandip Ghose was reappointed as Managing Director and CEO for a further period of three years, effective from January 1, 2026.

5. Secretarial Auditors Appointment: M/s. Mamta Binani & Associates were appointed as Secretarial Auditors for a term of five consecutive years, from FY 2025-26 to FY 2029-30.

6. Cost Auditors Remuneration: The remuneration of ₹5,00,000 payable to M/s. Shome & Banerjee, Cost Accountants, for FY 2025-26 was ratified.

Unexpected Adjournment

In an unexpected turn of events, the fifth item on the agenda, concerning the adoption of a new set of Articles of Association, was adjourned indefinitely. This adjournment came in response to an ex-parte ad-interim order of temporary injunction from the Civil Judge Court, Alipore, restraining the company from conducting any poll or e-voting on this particular item.

Chairman's Address

Shri Harsh V. Lodha, Chairman of the Board, addressed the meeting, highlighting the company's performance and future strategies. Key points from his speech included:

• The cement division maintained a 91% capacity utilization despite pricing pressures.
• Sales of premium products grew by 11%, with the flagship brand Perfect Plus growing by 15%.
• The company plans to expand its consolidated production capacity from 20 million tons to 27.6 million tons by 2028-29, with an investment of ₹4,335 crore.
• Net debt has been reduced to ₹2,200 crore from ₹3,000 crore a year earlier.
• The company is focusing on environmentally efficient operations, with green power consumption increasing to 27% in the June quarter of the current year.

Looking Ahead

Despite the adjournment of one agenda item, the AGM was largely successful, with key resolutions passed and important strategic decisions communicated to shareholders. The company's focus on premium products, capacity expansion, and environmental sustainability indicates a forward-looking approach in a competitive market landscape.

Birla Corporation Limited will inform shareholders about the date of the adjourned meeting for considering the new Articles of Association in due course, in compliance with regulatory requirements.