JK Cement Limited, a prominent player in the Indian cement industry, has announced significant corporate actions that require shareholder approval. The company has issued a postal ballot notice for three special resolutions, highlighting its strategic moves for governance enhancement and financial flexibility.

Appointment of New Independent Director

The company proposes to appoint Mr. Alok Dhir as a Non-Executive Independent Director for a five-year term, from November 1, 2025, to October 31, 2030. Mr. Dhir, aged 64, brings a wealth of experience to the board:

• 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

Increase in Borrowing Limits

JK Cement is seeking shareholder approval to increase its borrowing limits:

All figures in Rs. crore

This substantial increase in borrowing capacity is intended to support:

• Expanded business operations
• Growth plans
• Capital expenditure programs

Creation of Security on Company Assets

The company is also seeking approval to create security through charge, mortgage, or hypothecation on its assets to secure the proposed increased borrowings.

E-Voting Details

Shareholders can cast their votes electronically on these resolutions:

• E-voting starts: November 11, 2025, at 9:00 A.M. (IST)
• E-voting ends: December 10, 2025, at 5:00 P.M. (IST)
• Results announcement: By December 12, 2025

These corporate actions reflect JK Cement's proactive approach to strengthening its governance structure and financial position. The appointment of Mr. Alok Dhir could bring valuable insights into corporate restructuring and insolvency matters, while the increased borrowing limits may provide the company with greater financial flexibility to pursue its growth strategies.

Shareholders are encouraged to review the detailed postal ballot notice and cast their votes through the e-voting system provided by the company.

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.