Shree Cement Limited has withdrawn the lockout at its cement manufacturing facility in Baloda Bazar, Raipur, Chhattisgarh, effective December 22, 2025, at 11:00 PM. The company informed stock exchanges on December 23, 2025, about the resolution following an amicable settlement between management and workmen.

Lockout Resolution and Timeline

The lockout, which was initially declared on December 18, 2025, due to non-cooperation of workmen, lasted for four days before being resolved. Management and workmen successfully arrived at an amicable settlement to resolve the standoff, leading to the withdrawal of the lockout.

Production Impact and Recovery

During the lockout period, the company experienced a daily cement production loss of approximately 10,000 tons. The total production loss over the four-day period amounted to around 40,000 tons of cement. Importantly, the company reported no loss or damage to company property during the lockout period from December 18 to December 22, 2025.

Operational Status

With the withdrawal of the lockout, normal operations are expected to resume at the Baloda Bazar cement plant. The successful resolution demonstrates the company's ability to address operational challenges through dialogue and negotiation with its workforce. The facility can now return to its regular production capacity, helping to minimize the overall impact on the company's quarterly output.

The disclosure was made in compliance with Regulation 30 of the SEBI Listing Regulations, keeping stakeholders informed about the material developments affecting the company's operations.

Shree Cement Limited shareholders have unanimously approved the appointment of Mr. Chandra Kumar Dhanuka as Non-Executive Independent Director through a postal ballot voting process that concluded on December 12, 2025. The company officially declared the results on December 15, 2025, pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Results Overview

The special resolution for Mr. Dhanuka's appointment received overwhelming shareholder support, demonstrating strong confidence in the proposed leadership addition. The voting process was conducted entirely through electronic means, reflecting modern corporate governance practices.

Director Appointment Details

Mr. Chandra Kumar Dhanuka (DIN: 00005684) has been appointed as Non-Executive Independent Director for a term of five consecutive years, commencing from October 28, 2025. The appointment follows regulatory requirements and strengthens the company's board composition with independent oversight.

Comprehensive Voting Results

The postal ballot demonstrated exceptional shareholder consensus with 98.80% of valid votes cast in favor of the resolution. The promoter and promoter group showed complete support, while public shareholders also voted overwhelmingly in favor.

Remote E-Voting Process

The company utilized MUFG Intime India Private Limited's services for the remote e-voting facility. The process was overseen by Mr. Akshit Kumar Jangid, Practicing Company Secretary (FCS 11285), who served as the scrutinizer to ensure fair and transparent voting. The scrutinizer report was completed on December 13, 2025.

The resolution is deemed to have been passed on December 12, 2025, the last date of remote e-voting, as per regulatory requirements. The company secretary S.S. Khandelwal formally communicated the results to stock exchanges, confirming the successful completion of the postal ballot process.