Kakatiya Cement Sugar & Industries , a prominent player in the cement and sugar industries, has announced a dividend of Rs. 3.00 per share. This decision was approved at the company's 46th Annual General Meeting (AGM) held on August 28 in Hyderabad.

Dividend Details

The dividend declaration was one of the key resolutions passed at the AGM. Here are the important details:

• Dividend Amount: Rs. 3.00 per equity share
• Record Date: August 21
• Payment Deadline: September 27

Shareholders whose names appear on the Register of Members and Register of Beneficial Owners as of August 21 will be eligible to receive the dividend.

AGM Proceedings

The 46th AGM of Kakatiya Cement Sugar & Industries was conducted at Sri Thyagaraya Gana Sabha, Vivek Nagar, Chikkadapally, Hyderabad. Key highlights of the meeting include:

• The AGM was chaired by Shri P Veeraiah, Chairman and Managing Director.
• A total of 210 members, excluding 5 from the Promoter Group, were present in person.
• The company provided shareholders with remote e-voting facilities, which were available from August 25 to August 27.
• Smt. Manjula Aleti, a practicing Company Secretary, was appointed as the Scrutinizer for the e-voting process.

Other Business Transacted

In addition to the dividend declaration, several other resolutions were presented at the AGM:

1. Adoption of the Audited Financial Statements
2. Re-appointment of Smt. M Varalakshmi as a Director
3. Appointment of Secretarial Auditors
4. Fixation of remuneration for Cost Auditors

The final results of all resolutions, including the dividend declaration, will be announced after the scrutiny of e-voting results. Kakatiya Cement Sugar & Industries has committed to informing the stock exchanges about the final outcome in the prescribed format.

Kakatiya Cement Sugar & Industries Limited , a diversified company operating in the cement and sugar sectors, has reported a significant increase in its net loss for the first quarter. The company's financial results, approved by the board of directors on August 11, reveal challenges across its business segments.

Financial Performance

The company reported a net loss of Rs 322.28 lacs for the quarter, more than doubling from a loss of Rs 154.02 lacs in the same quarter last year. This widening of losses comes despite efforts to manage expenses and optimize operations.

Revenue from operations stood at Rs 2,555.98 lacs, marking a decrease from Rs 3,002.84 lacs in the corresponding quarter of the previous year. This decline in revenue indicates potential market pressures and reduced demand for the company's products.

Segment-wise Performance

Kakatiya Cement Sugar & Industries operates in two primary segments:

1. Cement Segment: Generated sales of Rs 1,985.72 lacs
2. Sugar Segment: Contributed Rs 570.26 lacs to the total revenue

The cement segment appears to be the larger contributor to the company's revenue, although both segments faced challenges during the quarter.

Operational Expenses and Profitability

Total expenses for the quarter amounted to Rs 3,080.90 lacs, showing a decrease from Rs 3,572.33 lacs in the year-ago quarter. Despite this reduction in expenses, the company was unable to achieve profitability, primarily due to the significant drop in revenue.

The company's earnings per share (EPS) deteriorated to negative Rs 4.15, compared to negative Rs 1.98 in the same quarter last year, reflecting the impact of increased losses on shareholder value.

Segment-wise Results

Breaking down the segment-wise performance:

1. Cement Segment: Reported a loss of Rs 88.78 lacs
2. Sugar Segment: Incurred a loss of Rs 181.81 lacs
3. Power Segment: Reported a loss of Rs 46.06 lacs

All three segments of the company's operations reported losses, with the sugar segment showing the highest loss among the three.

Balance Sheet Highlights

As of the end of the quarter:

The company maintains a diverse asset base across its operating segments, with the cement segment holding the largest share of assets.

Conclusion

Kakatiya Cement Sugar & Industries Limited faces a challenging quarter with widened losses and decreased revenue. The company's performance across all its operating segments – cement, sugar, and power – shows strain, reflecting possible industry-wide pressures or company-specific challenges. Shareholders and market observers will likely be watching closely to see how the company plans to address these challenges and improve its financial performance in the coming quarters.