Shree Digvijay Cement Company ( https://scanx.trade/company/shree-digvijay-cement-company-ltd ) has announced the resignation of Mr. Krishnakumar Ramanujan from his position as Chief Executive Officer and Managing Director, effective February 6, 2026. The company informed both BSE Limited and National Stock Exchange of India Limited about this key leadership change through a regulatory filing under SEBI LODR Regulation 30.

Leadership Transition Details

Mr. Krishnakumar Ramanujan, holding Director Identification Number (DIN) 10412896, submitted his resignation letter on February 6, 2026. The board of directors convened a meeting on the same day to address the resignation and formally accepted his decision to step down from the CEO & MD position.

Board Response and Succession Planning

The board of directors placed on record their deep appreciation for Mr. Krishnakumar's contributions during his association with the company. His resignation was processed with immediate effect, relieving him from all services as per the terms and conditions mentioned in his original appointment letter.

The company has initiated the process of selecting a new CEO & Managing Director to fill the vacant position. Shree Digvijay Cement Company stated that it will inform the stock exchanges in due course once the selection process is finalized and a successor is appointed.

Regulatory Compliance

The resignation announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided all required details as per SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015, including the resignation letter and formal annexures.

The notification was signed by Suresh Meher, Senior Vice President (Legal) & Company Secretary, ensuring proper documentation and regulatory adherence for this significant leadership change at the cement manufacturing company.

Shree Digvijay Cement Company Limited has concluded its open offer process, with the three India Resurgence Fund schemes successfully acquiring equity shares from public shareholders. The post-offer advertisement, submitted to stock exchanges on January 29, 2026, provides comprehensive details of the completed acquisition.

Open Offer Details and Timeline

The open offer was conducted by India Resurgence Fund – Scheme 1, India Resurgence Fund 2 – Scheme 2, and India Resurgence Fund 2 – Scheme 4, collectively referred to as the acquirers. Axis Capital Limited served as the manager to the open offer, while MUFG Intime India Private Limited acted as the registrar.

Acquisition Results and Financial Impact

The open offer results showed significant deviation from the proposed maximum acquisition. While the acquirers had sought up to 3,85,43,837 equity shares representing 26% of the expanded share capital, they ultimately accepted 1,34,07,285 shares.

The lower subscription indicates limited participation from public shareholders in the open offer process.

Shareholding Structure Post-Offer

Following the completion of the open offer, the ownership structure of Shree Digvijay Cement Company Limited has been significantly altered. The three acquirer schemes now hold substantial stakes in the company.

Combined with their earlier acquisitions through agreements, the acquirers' total post-offer shareholding stands at 53.05% of the expanded share capital.

Prior Acquisitions and Total Holdings

The acquirers had previously acquired significant stakes through share purchase agreements before launching the open offer. These earlier acquisitions formed the foundation of their substantial holding in the company.

Public Shareholder Position

Public shareholders maintained their significant presence in the company despite the open offer. The public shareholding percentage actually increased slightly due to the reclassification of the erstwhile promoter True North Fund VI LLP to the public category with effect from December 18, 2025.

The post-offer advertisement confirms that all regulatory requirements under SEBI (SAST) Regulations have been fulfilled, and the consideration payment to tendering shareholders will be completed as scheduled on January 27, 2026.