Birla Corporation Limited has announced the voting results for Resolution No. 8 of its 103rd Annual General Meeting, following the disposal of a legal case by the Calcutta High Court. The company had previously withheld these results due to a temporary injunction but can now publish them after the court's order dated December 17, 2025.

Court Order and Legal Resolution

The Calcutta High Court disposed of GA/1/2023 in CS/186/2023 on December 17, 2025, without passing any further order. The court observed that the interim order passed on September 5, 2023, had expired, removing any embargo on the company to give effect to decisions taken at the Annual General Meeting held on September 5, 2023.

AGM Details and Resolution Specifics

The 103rd Annual General Meeting was held on Tuesday, September 5, 2023, at 10:30 a.m. (IST) at Kalpataru Uttam Mancha, Kolkata. Resolution No. 8 pertained to the appointment of Mr. Sudeep Roy (DIN: 02753781) as a Non-Executive Non-Independent Director of the company, pursuant to a notice received from a member under Section 160 of the Companies Act, 2013.

Voting Results and Participation

The voting was conducted through both remote e-voting and polling papers at the venue. The special resolution was not passed, with a significant majority voting against the proposal.

Shareholder Participation Breakdown

The meeting saw participation from both promoter groups and public shareholders. A total of 922 shareholders were present either in person or through proxy, comprising 26 from the promoter and promoter group category and 896 from the public category.

Scrutinizer's Report

Anil Kumar Murarka, Company Secretary in Practice (FCS No. 3150), served as the scrutinizer for the AGM. The supplementary consolidated scrutinizer's report was issued on December 18, 2025, confirming that no fresh voting was conducted and the scrutiny was carried out based on votes already cast through remote e-voting and ballot papers during the original AGM.

The company has filed the voting results with BSE Limited and National Stock Exchange of India Limited under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with regulatory requirements.

Birla Corporation Limited , a prominent player in the Indian cement industry, recently held its quarterly earnings conference call to discuss the results for the quarter and half-year ended September 30, 2025. Despite facing several headwinds, the company managed to maintain its profitability through strategic focus on key areas.

Challenges and Strategic Response

The company encountered several challenges during the quarter:

1. Subdued cement prices in the central region
2. Heavy unseasonal rains affecting key markets
3. A breakdown at its largest unit, Maihar, necessitating external clinker purchases worth INR 20-25 crores

Despite these obstacles, Birla Corporation maintained its profitability by focusing on:

1. Trade segment
2. Blended cement
3. Premium products

Financial Performance

The company's financial performance for Q2 FY26 can be summarized as follows:

Operational Highlights

• Mukutban Plant: Achieved a volume of 6 lakh tons in Q2, representing a year-on-year growth of 20%.
• Renewable Energy: Increased share to 32% in the second half, in line with industry trends.
• Premium Brand Contribution: Maintained at around 60% of trade sales.

Future Outlook

The management provided insights into their expectations for the coming quarters:

1. Cement demand revival anticipated in Q3 with 4-5% volume growth.
2. The second half of the fiscal year is expected to perform better than the first half.
3. The Kundangunj unit is projected to commence operations by the end of Q3 or beginning of Q4.

Capex and Expansion Plans

• Full-year capex is expected to be around INR 800.00 crores, slightly lower than earlier projections.
• The company maintains its earlier guidance on capacity expansion, particularly in the central region.

Strategic Focus

Birla Corporation continues to emphasize its presence in both premium and value segments of the cement market. The company's brands, Samrat and Chetak in the value segment, and Perfect Plus in the premium segment, allow it to straddle both markets effectively.

Conclusion

Despite facing challenges in Q2 FY26, Birla Corporation has demonstrated resilience through its strategic focus on high-value segments and operational efficiencies. The company's cautious optimism for the second half of the fiscal year, coupled with its ongoing expansion plans, positions it to potentially capitalize on the expected demand revival in the cement sector.

Investors and industry observers will be keenly watching the company's performance in the coming quarters, particularly as it navigates the evolving market dynamics and completes its capacity expansion projects.