Shree Digvijay Cement Company has released its audited financial results for the fiscal year ending March 31, 2025, revealing a mixed performance with declining annual figures but showing signs of improvement in the latest quarter.

Annual Performance

The cement manufacturer reported a decrease in its annual financial metrics:

The significant decline in EBITDA and profit after tax indicates challenging market conditions faced by the company during the fiscal year.

Quarterly Improvement

Despite the annual downturn, Shree Digvijay Cement showed signs of recovery in its most recent quarter:

• Sales volume increased by 10% quarter-on-quarter, reaching 3.94 lacs tons.

This uptick in sales volume suggests a potential turnaround in the company's operational performance.

Dividend Announcement

In a move that may please shareholders, the Board of Directors has recommended a dividend:

• Dividend per equity share: Rs 1.50 (15% on face value of Rs 10)

This dividend announcement, despite the challenging year, indicates the company's commitment to returning value to its shareholders.

Future Outlook

Shree Digvijay Cement is focusing on growth and expansion:

• A new grinding unit expansion is in progress
• The expansion is expected to be commissioned in Q1 FY2026

This strategic move could potentially boost the company's production capacity and market presence in the coming fiscal year.

Upcoming Annual General Meeting

The company has scheduled its 80th Annual General Meeting for August 29, 2025, where shareholders will have the opportunity to discuss the company's performance and future strategies.

As Shree Digvijay Cement navigates through a challenging period, the combination of strategic expansion plans and signs of quarterly improvement may provide a foundation for potential growth in the upcoming fiscal year.

In a significant development in the Indian cement industry, Shree Digvijay Cement Company Limited has completed a major ownership change. TrueNorth Fund VI LLP, the former promoter, has successfully sold 45.01% of the company's equity to India Resurgence Fund entities, marking the completion of the previously announced share purchase agreement.

Transaction Completion Details

TrueNorth Fund VI LLP has filed a shareholding disclosure under Regulation 30 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming the completion of the stake sale. The transaction involved the sale of 66,725,311 equity shares representing 45.01% of Shree Digvijay Cement's share capital to India Resurgence Fund entities.

Shareholding Pattern Changes

Following the completion of this transaction, TrueNorth Fund VI LLP's shareholding in Shree Digvijay Cement has been significantly reduced. The fund's holding decreased from 80,825,928 shares (54.52%) to 14,100,617 shares (9.51%). As a result of this sale, TrueNorth Fund VI LLP will be reclassified as a public shareholder of the Target Company.

Share Purchase Agreement Background

The transaction stems from the original share purchase agreement dated September 4, 2025, which was subsequently amended on December 17, 2025. The amendment revised the price per share to ₹86.70 or a lower price as mutually agreed in writing. The fundamental structure of the deal remained unchanged, with the transaction being conducted at arm's length between non-related parties.

Strategic Distribution Agreement

Alongside the ownership change, Shree Digvijay Cement's board has approved a significant distribution agreement with Hi-Bond Cement (India) Private Limited. The company will gain exclusive 10-year cement distribution rights valued at approximately ₹600.00 crore annually, with a refundable deposit of up to ₹400.00 crore to Hi-Bond Cement. Additionally, Shree Digvijay Cement will gain the right to nominate one director on Hi-Bond Cement's board.

Market Impact and Outlook

The completion of this transaction marks India Resurgence Fund's acquisition of control over Shree Digvijay Cement, leading to board reconstitution and reclassification of India Resurgence Fund entities as promoters. The partnership with Hi-Bond Cement through the distribution agreement could potentially enhance Shree Digvijay's market presence and distribution capabilities. This deal represents a significant shift in the ownership and strategic direction of Shree Digvijay Cement, with stakeholders monitoring how these developments will impact market strategies and competitive positioning in the cement sector.