Shree Cement Limited has announced a lockout at its cement manufacturing facility in Baloda Bazar, Raipur, Chhattisgarh, effective December 18, 2025. The company disclosed this development to stock exchanges on December 19, 2025, in compliance with Regulation 30 of the SEBI Listing Regulations.

Lockout Details and Impact

The lockout was declared due to non-cooperation of workmen at the Baloda Bazar cement plant. This operational disruption is expected to significantly impact the company's production capacity at the affected facility.

Production and Financial Impact

Based on current operations, the company estimates a daily cement production loss of around 10,000 tons due to the lockout. This represents a substantial impact on the facility's output capacity during the period of work stoppage.

Shree Cement is currently in the process of ascertaining the total quantum of loss and damage caused by the lockout. However, the company has confirmed that all assets at the facility are covered by insurance, which may help mitigate potential financial losses.

Company Response and Monitoring

Shree Cement's management stated that they are actively monitoring the situation at the Baloda Bazar plant. The company has committed to providing updates on further developments as the situation evolves. The disclosure was made in accordance with regulatory requirements under SEBI's listing obligations and disclosure norms.

The lockout represents a temporary operational challenge for Shree Cement, with the company working to address the underlying issues that led to the work stoppage. The resolution timeline and potential impact on overall quarterly production figures will depend on how quickly the company can resolve the worker cooperation issues at the facility.

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.