JSW Cement Limited has been declared the preferred bidder for a significant limestone mining lease opportunity in Assam, marking a strategic expansion in the northeastern region. The company successfully participated in an e-auction conducted by the Government of Assam for the Sikilangso Limestone Block mining lease.

Mining Block Details

The limestone blocks are strategically located in Umrangso, Dima Hasao District, Assam, and comprise two separate sections with substantial mining potential.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing stock exchanges about this development under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was submitted to both BSE Limited and National Stock Exchange of India Limited.

Strategic Significance

This preferred bidder status represents JSW Cement's continued focus on securing raw material resources for its cement manufacturing operations. The limestone blocks in Assam will potentially strengthen the company's raw material supply chain and support its expansion plans in the northeastern market.

The company has also made this information available on its official website at jswcement.in, ensuring transparency with all stakeholders. The formal announcement was signed by Sneha Bindra, Company Secretary and Compliance Officer, confirming the authenticity of this corporate development.

JSW Cement Limited has issued a postal ballot notice seeking shareholder approval for the re-appointment of two key directors through remote e-voting process. The notice, dated February 4, 2026, was communicated to stock exchanges on February 26, 2026, under Regulation 30 of the SEBI Listing Regulations.

Key Proposals for Shareholder Approval

The postal ballot covers two special resolutions requiring member approval:

Managing Director Re-appointment Details

Mr. Parth Jindal's current tenure as Managing Director expires on June 19, 2026. The Board of Directors, based on the Nomination & Remuneration Committee's recommendation, has approved his re-appointment for another five-year term from June 20, 2026 to June 19, 2031.

Proposed Remuneration Structure

The Board has recommended a significant increase in the overall remuneration ceiling:

The remuneration increase reflects Mr. Jindal's leadership in achieving significant milestones, including the company's listing and capacity expansion from 7.8 MTPA in 2017 to 21.6 MTPA currently.

Independent Director Re-appointment

Mr. Pankaj Kulkarni's first term as Independent Director concludes on March 31, 2026. The company proposes his re-appointment for a second five-year term from April 1, 2026 to March 31, 2031.

Director Profiles

E-voting Process and Timeline

The company has engaged National Securities Depositories Limited (NSDL) to facilitate the remote e-voting process. Only members whose names appear in the Register of Members as on the cut-off date of February 20, 2026, are eligible to vote.

Ms. Meghana Mhatre, Practicing Company Secretary, has been appointed as the Scrutinizer to conduct the e-voting process. The postal ballot notice is being sent only through electronic mode to members whose email addresses are registered with their respective depositories.

Board Meeting Attendance

Both directors have demonstrated strong commitment to board governance:

• Mr. Parth Jindal: Attended 8 out of 9 board meetings in FY 2025-26
• Mr. Pankaj Kulkarni: Attended all 9 board meetings in FY 2025-26

The Board of Directors recommends both resolutions for approval by the members. The results will be announced on the company's website and communicated to stock exchanges following the completion of the e-voting process.