Shree Cement Limited , a prominent player in the Indian cement industry, successfully concluded its 46th Annual General Meeting (AGM) on August 4, 2025, with shareholders approving all proposed resolutions by a significant majority. The meeting, which saw participation from both institutional and non-institutional investors, marked several key decisions for the company's future.

Dividend Approval

One of the highlights of the AGM was the approval of the company's dividend payout. Shareholders ratified an interim dividend of Rs 50.00 per equity share, which had been previously declared. Additionally, they approved a final dividend of Rs 60.00 per share, bringing the total dividend for the financial year ended March 31, 2025, to an impressive Rs 110.00 per equity share.

Financial Statements Adoption

The meeting saw the adoption of both standalone and consolidated audited financial statements for the fiscal year 2024-25, along with the reports of the Board of Directors and Auditors. This resolution received overwhelming support, with 99.80% of votes cast in favor.

Board Composition

Shareholders also approved the re-appointment of Mr. Neeraj Akhoury (DIN: 07419090) as a Director of the company. Akhoury, who was retiring by rotation, will continue to serve on the board, having received 99.65% of votes in his favor.

Auditor Appointments

In a move towards strengthening its corporate governance, Shree Cement appointed M/s. Pinchaa & Co. as the Secretarial Auditors for a term of five consecutive years. This resolution was passed with 99.12% of shareholders voting in favor.

The company also ratified the remuneration of M/s. K. G. Goyal and Associates as Cost Auditors for the financial year ending March 31, 2026. This decision received near-unanimous approval, with 99.99% of votes supporting the resolution.

Shareholder Participation

The AGM witnessed active participation from shareholders. As of the cut-off date of July 28, 2025, the company had 26,175 shareholders on record. The meeting provided for voting through both e-voting and polling papers, ensuring wide participation and transparency in the decision-making process.

Shree Cement's commitment to shareholder value and corporate governance was evident in the strong support received for all resolutions. The approval of a substantial dividend payout, in particular, signals the company's robust financial health and its dedication to rewarding shareholders.

As Shree Cement moves forward, these decisions are likely to play a crucial role in shaping its strategies and operations for the coming fiscal year, reinforcing its position in the competitive cement industry.

Shree Cement , India's third-largest cement group by capacity, reported a robust financial performance for the first quarter, with a significant surge in profit despite sales volume falling short of market expectations.

Financial Highlights

The company's net profit for Q1 soared by 95% year-on-year to ₹619.00 crore, compared to ₹318.00 crore in the same quarter last year. This impressive growth was driven by improved pricing and operational efficiencies.

Revenue from operations saw a modest increase of 2% to ₹4,948.00 crore, up from ₹4,835.00 crore in the corresponding quarter. The operating profit (EBITDA) jumped by 34% to ₹1,229.00 crore, reflecting the company's focus on cost management and operational excellence.

Sales Volume Below Expectations

Despite the strong financial performance, Shree Cement reported a sales volume of 8.95 million tonnes for the quarter, which fell short of the estimated 9.60 million tonnes. The actual sales volume was approximately 6.8% lower than market expectations, indicating potential challenges in demand or market share.

Operational Performance

The company's EBITDA margin improved significantly, driven by a sustained focus on pricing, premiumization, and disciplined cost management. Shree Cement's sale of premium products improved to 17.7% of trade sale volume, up from 15.6% in the previous quarter.

UAE Operations

Shree Cement's UAE operations, through Union Cement Company (UCC), showed strong growth. The UAE business recorded revenue of AED 181.19 million, representing a 19% year-on-year increase. The operating profit (EBITDA) for the UAE operations surged by 397% to AED 44.86 million.

Sustainability Initiatives

Shree Cement continued its commitment to sustainability:

• Green electricity consumption stood at 65.65% of total electricity consumption in Q1.
• The company used 0.15 lakh tonnes of agro waste in its cement operations, saving 0.20 lakh tonnes of CO2.
• All manufacturing locations maintained Zero Liquid Discharge status.

Future Outlook

Neeraj Akhoury, Managing Director of Shree Cement Ltd., commented on the results: "We are pleased to report a strong start to the financial year, with robust performance in the first quarter reflecting the resilience of our business model and the dedication of our teams across the organisation."

The company is progressing with its capacity expansion projects in Rajasthan and Karnataka, which will increase its total cement production capacity to 68.8 MTPA upon completion. Shree Cement aims to reach a capacity of 80 MTPA by 2028.

While the lower-than-expected sales volume may raise some concerns, the company's strong financial performance and focus on operational efficiency suggest a positive outlook. The Indian cement industry is projected to grow by 6-7% in the current fiscal year, driven by government capital expenditure, rising rural housing demand, and accelerating industrial and infrastructure activity.

Investors and analysts will likely keep a close eye on how Shree Cement addresses the sales volume shortfall in the coming quarters while maintaining its strong profitability and sustainability initiatives.