JK Cement Wins Kishanpura Limestone Block Bid in Rajasthan

JK Cement Limited has secured a significant milestone by being declared the preferred bidder for a limestone mining lease in Rajasthan. The company participated in an e-auction conducted by the Government of Rajasthan and emerged successful in securing the Kishanpura limestone block.

Mining Lease Details

The Kishanpura limestone block represents a substantial addition to the company's raw material portfolio. The block specifications highlight its strategic importance for cement manufacturing operations.

Parameter	Details
Location	Tehsil Dehand Nagaur, District Nagaur, Rajasthan
Area Coverage	483 hectares
Exploration Level	G3 level
Auction Authority	Government of Rajasthan

Strategic Significance

The acquisition of mining rights for the Kishanpura limestone block strengthens JK Cement's raw material security, which is crucial for cement manufacturing operations. Limestone serves as the primary raw material in cement production, and securing dedicated mining leases helps ensure consistent supply and cost optimization.

This successful bid demonstrates JK Cement's continued focus on expanding its raw material base and securing long-term operational sustainability in the competitive cement industry.

Regulatory Compliance

The company has fulfilled all disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about this development. The information has also been uploaded on the company's official website at www.jkcement.com , ensuring transparency for all stakeholders.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.72%	+2.83%	-6.47%	-21.10%	+11.00%	+90.46%

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:

Resolution	Votes in Favour	Votes Against	Approval Rate
Director Appointment	5,84,35,077	76,65,512	88.40%
Borrowing Limit Increase	6,58,31,517	2,69,068	99.59%
Asset Security Creation	6,58,32,913	2,69,052	99.59%

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:

Parameter	Previous Limit	Approved Limit	Increase
Borrowing Capacity	₹12,000.00 cr	₹15,000.00 cr	₹3,000.00 cr
Security Creation	Existing Authority	Enhanced Authority	Expanded Powers

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.