The Ministry of Corporate Affairs (MCA) has initiated an investigation into Shree Cement , marking a significant regulatory development for the Bangur family-promoted cement manufacturer. The company disclosed this information through a regulatory filing after receiving official communication from authorities.

Investigation Details and Legal Framework

Shree Cement received the investigation order on January 1 from the Office of the Regional Director, North-Western Region, Ministry of Corporate Affairs, Ahmedabad. The probe has been initiated under Section 210(1)(c) of the Companies Act 2013, which empowers the government to investigate company affairs in the public interest.

Under this section, the central government may appoint one or more inspectors to investigate company affairs and report findings as directed by the government. The cement maker has not disclosed the specific nature or scope of the investigation in its regulatory filing.

Company Response and Business Impact

Shree Cement has committed to providing the requested information to authorities in due course. The company emphasized in its filing that this regulatory development will have no impact on its financial performance, business operations, or other activities. The management appears confident that normal business operations will continue unaffected during the investigation period.

Company Profile and Market Position

Shree Cement holds a prominent position in India's cement industry as the third-largest player by capacity. The Kolkata-based company has established significant operational capabilities across production and power generation.

The company's substantial production capacity and integrated power generation capabilities, including renewable energy sources, position it as a major player in the cement sector. This investigation comes at a time when the cement industry continues to play a crucial role in India's infrastructure development and economic growth.

Shree Cement Limited has informed stock exchanges about receiving an investigation order from the Ministry of Corporate Affairs (MCA) under Section 210(1)(c) of the Companies Act, 2013. The company disclosed this development through a regulatory filing dated January 2nd, 2026, in compliance with SEBI listing regulations.

Investigation Details

The cement manufacturer received communication from the Office of the Regional Director, North-Western Region, Ministry of Corporate Affairs, Ahmedabad on January 1st, 2026. The following table outlines the key details of the investigation:

Company's Response and Clarifications

Shree Cement has clarified that no specific violations or contraventions have been alleged against the company. The Regional Director has only sought certain information from the company, which will be provided in due course. The company emphasized that this is purely an information-seeking exercise by the regulatory authority.

Financial and Operational Impact

The company has assessed that there will be no impact on its financial position, business operations, or other activities since only information is being sought from the company. The following impact assessment was provided:

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also complied with SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11th, 2024, providing detailed information in the prescribed format through Annexure-A.

The company secretary S.S. Khandelwal signed the disclosure document digitally, ensuring proper documentation and compliance with regulatory requirements. Shree Cement has committed to cooperating with the authorities and providing the requested information within the stipulated timeframe.