J.K. Cement Limited has successfully concluded its postal ballot process with shareholders approving all three special resolutions with overwhelming majority. The company announced the results on December 11, marking significant milestones in corporate governance and financial flexibility.

Postal Ballot Results Overview

All three special resolutions received strong shareholder support through the e-voting process conducted from November 11 to December 10:

New Independent Director Approved

Shareholders have approved the appointment of Mr. Alok Dhir as Non-Executive Independent Director for a five-year term from November 1 to October 31, 2030. Mr. Dhir, aged 64, brings extensive expertise:

• Chartered Accountant and renowned lawyer with four decades of experience
• Expertise in corporate commercial law, financial restructuring, and insolvency laws
• Founder of one of India's first private sector Asset Reconstruction Companies (ARC) licensed by RBI
• Active involvement with regulators and government in cross-border insolvency mechanisms
• Recognized as a leading lawyer for 'Restructuring & Insolvency' by global legal rankings

Enhanced Financial Flexibility

The company received approval for increasing its borrowing limits and creating security on assets:

This substantial increase in borrowing capacity will support expanded business operations, growth plans, and capital expenditure programs.

E-Voting Process Details

The postal ballot was conducted entirely through electronic voting, with the company dispatching notices via email on November 10. The scrutinizer S.K. Gupta confirmed compliance with all regulatory requirements under the Companies Act, 2013, and SEBI regulations. The voting facility remained open from 9:00 AM on November 11 to 5:00 PM on December 10.

These approvals reflect strong shareholder confidence in J.K. Cement's strategic direction and management's ability to drive growth while maintaining robust governance standards.

JK Cement Limited , a leading cement manufacturer in India, has reported a robust performance for the second quarter of fiscal year 2026, with significant growth in revenue and profitability. The company's financial results highlight its resilience in a competitive market environment.

Strong Revenue Growth

JK Cement's revenue from operations for Q2 FY26 stood at Rs. 2,859.00 crores, marking a substantial 19% increase from Rs. 2,410.00 crores in the corresponding quarter of the previous year. However, it's worth noting that the revenue decreased by 10% compared to the previous quarter's Rs. 3,190.00 crores, reflecting typical seasonal patterns in the cement industry.

Improved Profitability

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the quarter reached Rs. 440.00 crores, a significant improvement from Rs. 271.00 crores in the same period last year. This resulted in an EBITDA margin expansion to 15.9%, up from 11.5% in the previous year, demonstrating the company's ability to enhance operational efficiency.

Half-Year Performance

For the first half of FY26, JK Cement reported:

The substantial growth in both revenue and EBITDA for the half-year period underscores the company's strong market position and operational improvements.

Financial Position

JK Cement's net debt increased to Rs. 3,139.00 crores from Rs. 2,551.00 crores, with the net debt to EBITDA ratio at 1.34. This increase in debt is likely due to ongoing expansion projects and investments in capacity enhancement.

Expansion Plans

The company has made significant progress in its expansion strategy:

• Commissioned a 1 million ton grinding unit at Prayagraj in October 2025
• Expects to complete its 6 million ton Panna project by December 2025
• Initiated construction of an integrated 4 million ton clinker and 3 million ton grinding facility at Jaisalmer, expected to be operational in Q2 FY28

Paint Business

JK Cement's diversification into the paint business is showing progress, with revenue of Rs. 95.00 crores for the quarter. However, the segment reported an EBITDA loss of Rs. 14.00 crores, indicating that it is still in the investment and growth phase.

Management Outlook

The management has maintained its volume growth guidance of around 10% for FY26, targeting close to 20 million tons. This outlook suggests confidence in the company's ability to capitalize on market opportunities and effectively utilize its expanded capacity.

Conclusion

JK Cement's Q2 FY26 results demonstrate the company's ability to drive growth and improve profitability in a dynamic market environment. With ongoing expansion projects and a focus on operational efficiency, the company appears well-positioned to maintain its growth trajectory in the coming quarters.