Cemindia Projects Limited , formerly known as ITD Cementation India Limited, has issued a postal ballot notice dated December 15, 2025, seeking shareholder approval for key corporate matters. The company has scheduled remote e-voting from December 28, 2025, to January 26, 2026, for members to vote on proposed resolutions.

Postal Ballot Resolutions

The company is seeking shareholder approval through postal ballot for two key resolutions:

Auditor Appointment Details

Following the resignation of TR Chadha & Co LLP on November 5, 2025, the Board of Directors has approved the appointment of PriceWaterhouse Chartered Accountants LLP as the new statutory auditor. The outgoing auditor cited Cemindia Projects' alignment with Adani Group processes as the primary reason for resignation, specifically the group's focus on globally affiliated firms for major listed companies.

Key Appointment Parameters

About PriceWaterhouse Chartered Accountants LLP

PWCA LLP is a well-established firm of Chartered Accountants registered with the Institute of Chartered Accountants of India. Founded in 1991 and converted to a limited liability partnership in 2014, the firm has its registered office in New Delhi and operates through 16 branch offices across India.

Key credentials include:

• More than 125 Assurance Partners as of October 31, 2025
• Member of Price Waterhouse & Affiliates network
• Valid peer review certificate
• Experience in auditing various companies listed on Indian stock exchanges
• Primarily engaged in auditing and assurance services

Name Change Compliance Ratification

The second resolution seeks ratification for the placement of a certificate issued by K.M. Rege & Co., Practicing Chartered Accountants, Mumbai. This certificate confirms the company's compliance with all applicable conditions relating to the name change from ITD Cementation India Limited to Cemindia Projects Limited, as required under Regulation 45 of SEBI Listing Regulations, 2015.

The certificate was inadvertently omitted from the 47th AGM notice dated June 20, 2025, and the company is now seeking member approval for its placement and ratification.

E-voting Process and Timeline

The company has engaged KFin Technologies Limited to provide e-voting facility to all members. The remote e-voting process will be conducted exclusively through electronic means, in compliance with MCA circulars.

Voting Schedule

The Board of Directors has appointed Mr. P.N. Parikh (Membership No. F327) of Parikh & Associates, Practicing Company Secretaries, as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner.

Members whose names appear in the Register of Members as on the cut-off date of December 19, 2025, will be entitled to vote on the resolutions. The postal ballot notice has been sent electronically to members whose email addresses are registered with the company, depositories, or depository participants.

Cemindia Projects Limited , formerly known as ITD Cementation India Limited, has announced its acquisition of a significant stake in a newly incorporated water management company. The move marks Cemindia's entry into the water infrastructure sector, potentially diversifying its portfolio in the construction and infrastructure development industry.

Key Details of the Acquisition

Project Scope and Objectives

MBWL has been established with a specific focus on water resource management and infrastructure development. The company's primary objectives are to:

• Design, finance, develop, construct, operate, and maintain the Mor Sagar Artificial Reservoir
• Manage the feeder from Bisalpur to Mor Sagar Artificial Reservoir in Rajasthan
• Implement the project under a Hybrid Annuity Model

This strategic move by Cemindia Projects Limited aligns with the growing emphasis on water management and infrastructure development in India. The project's location in Rajasthan, a state often facing water scarcity issues, underscores its potential significance.

Regulatory Compliance and Disclosure

Cemindia Projects Limited has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that the acquisition does not fall under related party transactions, despite Adani Enterprises Limited being identified as a related party holding the majority stake in MBWL.

Future Outlook

While MBWL is yet to commence business operations, its formation and Cemindia's stake acquisition signal a strategic move in the water infrastructure sector. The project's success could potentially open new avenues for Cemindia Projects Limited in the realm of water resource management and infrastructure development.

As the project progresses, it will be interesting to observe how this joint venture between Cemindia Projects and Adani Enterprises unfolds, particularly in addressing the water management challenges in Rajasthan.