Shree Cement Limited has announced the assignment of a long-term Foreign Currency Issuer rating by CareEdge Global IFSC Limited, as disclosed under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The rating reflects the company's strong operational performance and financial strength in the cement industry.

Credit Rating Details

CareEdge Global IFSC Limited has assigned a long-term Foreign Currency Issuer rating of 'CareEdge BBB+ with stable outlook' to the company. According to the announcement, this rating is among the highest in India and demonstrates the company's robust credit profile.

Existing Credit Profile

The company continues to maintain its highest domestic credit ratings, reinforcing its strong financial position. The existing ratings include 'AAA/Stable' for long-term credit facilities and 'A1+' for short-term credit facilities, which reaffirm the company's robust credit profile and financial stability.

ESG Performance Recognition

In May 2025, Care Edge assigned the company an ESG Score of 70.8 along with a rating symbol of 'CareEdge-ESG 1'. This rating indicates strong adherence to Environmental, Social, and Governance practices, highlighting the company's commitment to sustainable business operations.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by S.S. Khandelwal, Company Secretary, and communicated to both the National Stock Exchange of India Limited and BSE Limited.

The comprehensive rating portfolio demonstrates Shree Cement's strong market position and commitment to maintaining high standards across operational, financial, and governance parameters.

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.