JSW Cement Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the reappointment of Sudhir Maheshwari as a Non-Executive, Non-Independent Director. The voting results, announced on December 30, 2025, demonstrate strong shareholder support for the board restructuring.

Postal Ballot Results

The remote e-voting process concluded on December 27, 2025, at 5:00 PM (IST), with shareholders casting their votes electronically through the National Securities Depository Limited (NSDL) platform.

Director Appointment Details

Sudhir Maheshwari, holding Director Identification Number (DIN) 02376365, has been reappointed to the company's Board of Directors following his earlier resignation in October 2025.

Shareholder Participation Analysis

The postal ballot witnessed significant participation across different shareholder categories, with total shareholders on record date being 4,66,464 as of November 21, 2025.

Regulatory Compliance and Scrutinizer Report

The postal ballot process was conducted in accordance with Section 108 of the Companies Act, 2013, and Regulation 30 and 44(3) of the SEBI Listing Regulations. Meghana Mhatre & Associates, practicing Company Secretaries, served as the scrutinizer for the voting process.

The scrutinizer's report confirmed that the ordinary resolution was passed with the requisite majority under the provisions of the Companies Act. The company has completed all necessary regulatory compliances, including filing e-forms with the Registrar of Companies and making required disclosures to stock exchanges.

Background and Significance

This reappointment comes after Maheshwari's resignation from the board in October 2025, which was linked to JSW Cement's IPO and subsequent listing requirements. The successful postal ballot indicates the company's commitment to maintaining experienced leadership while adhering to post-IPO governance structures.

The overwhelming shareholder support, particularly the unanimous backing from promoters and strong approval from public shareholders, reflects confidence in the director's capabilities and the company's governance approach.

JSW Cement , a part of the US$23 billion JSW Group, has strengthened its presence in Eastern India by commissioning a new cement grinding unit in Sambalpur, Odisha. This strategic move aligns with the company's goal to meet the growing demand in the region and solidify its market position.

Key Highlights

• Capacity Expansion: The new state-of-the-art facility adds 1.0 Million Tonnes Per Annum (MTPA) to JSW Cement's grinding capacity.
• Total Capacity: With this addition, JSW Cement's total grinding capacity, including its subsidiaries, has reached 21.6 MTPA.
• Strategic Location: The unit is situated at the geographical border of Odisha, Chhattisgarh, and Jharkhand, providing easy access to raw materials.
• Funding and Operation: The facility is funded and supervised by Shiva Cement, a majority-owned subsidiary of JSW Cement, through a commercial arrangement with Bhushan Power and Steel Limited (BPSL).

Market Implications

The expansion comes at a time when Eastern India is poised for significant growth, particularly in the manufacturing and infrastructure sectors. Odisha, in particular, is playing a crucial role in the region's industrial and economic development.

Nilesh Narwekar, Chief Executive Officer of JSW Cement, commented on the strategic importance of this expansion, stating, "This new state-of-the-art facility in Sambalpur is a strategic initiative by JSW Cement and marks a significant milestone in our journey to expand and consolidate our position in this market."

Environmental Considerations

JSW Cement continues to maintain its position as an environmentally conscious player in the industry:

• The company reports the lowest carbon dioxide emission intensity in the industry, at 277 kg CO2 per ton of cementitious materials.
• The new facility is expected to further consolidate and expand JSW Cement's eco-friendly footprint.

Future Outlook

JSW Cement has ambitious plans for further expansion:

• The company aims to achieve a pan-India presence with a target of 41.85 MTPA grinding capacity and 13.04 MTPA clinker capacity.
• Work is ongoing on the Nagaur integrated unit in Rajasthan, which will add 3.30 MTPA clinker capacity and 3.5 MTPA grinding capacity.

This expansion in Odisha not only strengthens JSW Cement's market position but also contributes to the overall growth and development of Eastern India's infrastructure sector. As the region continues to develop, the demand for cement is expected to rise, positioning JSW Cement favorably to capitalize on these opportunities.

About JSW Cement

As JSW Cement continues to expand its operations and maintain its commitment to sustainable practices, it is well-positioned to play a significant role in India's infrastructure development, particularly in the eastern region.