Sri Chakra Cement Limited has announced the appointment of Sri Siva Kumar Ramaswami as a Non-Executive Independent Director, effective June 1, 2025. The appointment, approved by company members on August 25, 2025, is for a five-year term, highlighting the company's commitment to strengthening its board with experienced professionals.

Appointment Details

Ramaswami, identified by his Director Identification Number (DIN) 01791576, brings a wealth of experience to Sri Chakra Cement. His appointment was formalized at the company's 43rd Annual General Meeting, where shareholders voted overwhelmingly in favor of the resolution, with 98.20% of votes cast supporting his appointment.

Professional Background

Sri Siva Kumar Ramaswami's impressive credentials include:

• Educational Qualifications: M.Tech, MBA, and a Post Graduate Diploma in Law from NALSAR
• Experience: Over four decades in various positions, specializing in production, marketing, and corporate affairs management

Board Independence

The company has confirmed that Ramaswami has no relationships with other directors on the board, reinforcing his independence. Additionally, he currently holds no directorships in other companies and has no committee memberships, which allows him to dedicate his full attention to his role at Sri Chakra Cement.

Other AGM Proceedings

The 43rd Annual General Meeting, held on August 25, 2025, also saw the approval of several other key resolutions:

1. Adoption of the Financial Statements and Board Report for the financial year ended March 31, 2025
2. Re-appointment of Smt. Venkata Naga Lalitha Kapilavai (DIN: 02223430) as a director liable to retire by rotation
3. Appointment of M/s. Puttaparthi Jagannatham & Co as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30
4. Ratification of M/s Naval & Associates as Cost Auditors for the year 2025-2026

Company Leadership

The AGM was attended by key company officials, including:

• Sri Vijay Kumar Kapilavai - Chairman of the meeting & Managing Director
• Sri Sriram Kapilavai - Whole Time Director
• Sri Vijayulu Reddy Kaliki - Independent Director
• Sri Ramamoorthy Puthalapattu - Independent Director
• Sri Gopal Nemani - Independent Director

The appointment of Sri Siva Kumar Ramaswami as an Independent Director is expected to bring fresh perspectives and valuable insights to Sri Chakra Cement Limited's board, potentially contributing to the company's strategic direction and governance.

Sri Chakra Cement Limited , a prominent player in the Indian cement industry, has released its unaudited financial results for the first quarter. The company has shown signs of improvement, with a narrowed loss and increased revenue compared to the same period last year.

Financial Performance Highlights

• Revenue Growth: Sri Chakra Cement reported a revenue from operations of Rs 3,731.96 crore for Q1, marking a 14.93% increase from Rs 3,247.02 crore in the corresponding quarter of the previous year.
• Reduced Losses: The company's loss after tax narrowed to Rs 670.45 crore, compared to a loss of Rs 919.16 crore in the corresponding quarter of the previous year, indicating a 27.06% improvement.
• Total Income: The total income for the quarter stood at Rs 3,789.87 crore, up from Rs 3,341.22 crore year-over-year, showing a growth of 13.43%.
• Expenses: Total expenses rose to Rs 4,492.82 crore from Rs 4,242.74 crore in the previous year's quarter, an increase of 5.89%.
• Earnings Per Share: The basic and diluted earnings per share (EPS) for the quarter were negative Rs 7.81, compared to negative Rs 10.02 in the same quarter of the previous year.

Operational Insights

Sri Chakra Cement continues to operate solely in the cement segment, which remains its primary focus. The company's Board of Directors approved these unaudited quarterly financial results at a meeting held on August 7.

Financial Position

The company reported no outstanding defaults on loans or debt securities, maintaining a stable financial position despite the challenging market conditions.

Auditor's Review

C Ramachandram & Co., the company's statutory auditors, conducted a limited review of the financial results. They stated that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices.

Looking Ahead

As Sri Chakra Cement continues to navigate the competitive cement industry, the reduction in losses and growth in revenue provide a positive outlook for the company. Investors and stakeholders will be watching closely to see if this trend of improvement continues in the coming quarters.

The cement sector remains a crucial indicator of economic activity and infrastructure development in India. Sri Chakra Cement's performance in the subsequent quarters will be important to gauge both the company's trajectory and broader market trends in the construction and infrastructure sectors.