Latest news about Shree Digvijay Cement Company
Shree Digvijay Cement Company
76.53
-1.03(-1.33%)
Company Performance:
View Company Insights1D-1.33%
1M+4.84%
6M-15.92%
1Y-6.28%
5Y-6.78%
More news about Shree Digvijay Cement Company
30Apr 26
Shree Digvijay Cement Company Updates on CEO & Managing Director Appointment Process
Shree Digvijay Cement Company has informed stock exchanges about the progress in appointing a new CEO & Managing Director, with the Nomination & Remuneration Committee currently evaluating shortlisted candidates. The appointment process follows the resignation of the previous CEO & MD effective from 6th February 2026, with the Board of Directors set to consider final approval once the committee completes its evaluation and recommendation.
29Apr 26
Shree Digvijay Cement Reports Decline in Q4 Financial Performance
Shree Digvijay Cement Company reported Q4 results showing declines across key financial metrics. EBITDA decreased to 249M rupees from 277M rupees year-on-year, while EBITDA margin compressed to 11.94% from 12.8%. Revenue fell to 2.1B rupees from 2.2B rupees, and net profit dropped significantly to 79M rupees from 184M rupees in the corresponding quarter of the previous year.
14Apr 26
Shree Digvijay Cement Company Limited Schedules Board Meeting for April 29, 2026 to Review Q4FY26 and FY26 Financial Results
Shree Digvijay Cement Company Limited has scheduled a board meeting for April 29, 2026, to consider audited standalone and consolidated financial results for Q4FY26 and FY26, review audited financial statements, and discuss potential dividend recommendations. The company has implemented a trading window closure from April 1, 2026, through May 1, 2026, in compliance with regulatory requirements.
06Apr 26
Shree Digvijay Cement Company Submits Q4FY26 SEBI Compliance Certificate
Shree Digvijay Cement Company Limited filed its Q4FY26 compliance certificate under SEBI Regulation 74(5) on April 6, 2026. The certificate, issued by registrar MUFG Intime India Private Limited, confirms proper compliance with dematerialisation processes for the quarter ended March 31, 2026. The filing was submitted to both BSE and NSE as part of mandatory quarterly regulatory requirements.
02Apr 26
True North Fund VI LLP Divests Complete 9.54% Stake in Shree Digvijay Cement Company
True North Fund VI LLP has completely divested its 9.54% stake in Shree Digvijay Cement Company Limited, selling 14,100,617 shares through off-market and open market transactions on March 30, 2026. The fund, which was not part of the promoter group, has reduced its holding from 9.54% to zero, representing a complete exit from the cement company. The transaction has been disclosed under SEBI regulations, with the company's total equity share capital remaining at Rs. 1,478,692,780 comprising 147,869,278 shares.
02Apr 26
India Resurgence Fund Increases Stake in Shree Digvijay Cement to 63.57%
India Resurgence Fund schemes have increased their stake in Shree Digvijay Cement Company Limited to 63.57% through an open market acquisition of 7412277 shares on March 30, 2026. The acquisition involved three fund schemes acting in concert, with India Resurgence Fund 2 - Scheme 2 holding the largest individual stake at 47.83%.
28Mar 26
Shree Digvijay Cement Announces Strategic Integration with Hi-Bond Cement Through Distribution Agreement
Shree Digvijay Cement Company Limited announced strategic integration with Hi-Bond Cement through Brand Usage, Supply and Distribution Agreement effective March 19, 2026. The deal creates combined capacity of 5.2 million tons, making it Gujarat's third largest cement operation. Under the agreement, Shree Digvijay purchases cement at cost plus INR500 per metric ton margin. Combined entities hold 9-10% Gujarat market share and 16-17% in Saurashtra region. Company targets 70% capacity utilization by FY27 with sales volume of 3-3.5 million tons, supported by INR485 crores total debt at 8.7% interest rate.
26Mar 26
Shree Digvijay Cement Completes Investor Conference Call on March 25, 2026
Shree Digvijay Cement Company Limited successfully completed its scheduled investor conference call on March 25, 2026, discussing business outlook and integration developments with Hi-Bond Cement. The company has made the audio recording available on its website and filed appropriate regulatory disclosures with BSE and NSE under SEBI regulations, ensuring transparency for all stakeholders.
14Mar 26
Shree Digvijay Cement Submits Postal Ballot Results to Stock Exchanges
Shree Digvijay Cement Company Limited has successfully completed its postal ballot process and submitted comprehensive results to stock exchanges under Regulation 44. The company achieved 99.87% approval for appointing Mr. Shitij Ramesh Kale as Non-Executive Director, with 94,774,558 votes in favour out of 94,899,996 total votes polled, representing 64.18% participation from 147,869,278 total shares.
13Mar 26
Shree Digvijay Cement Executes ₹488 Crore Facility Agreements with Major Banks
Shree Digvijay Cement Company Limited has executed comprehensive facility agreements with ICICI Bank and Axis Bank totaling ₹488 crores under Regulation 30 disclosure requirements. The financing structure includes ₹400 crores for security deposit under the Brand Usage Agreement with Hi-Bond Cement and ₹132 crores for new cement mill refinancing, demonstrating strategic capital deployment for business expansion and operational enhancement.
16Feb 26
Shree Digvijay Cement Company Limited Announces Postal Ballot Notice with E-Voting Process
Shree Digvijay Cement Company Limited has issued a postal ballot notice following Companies Act, 2013 and SEBI regulations. The e-voting process will run from February 13 to March 14, 2026, with February 6, 2026 as the cut-off date. Mr. Manoj R Hurkat has been appointed as scrutinizer, and NSDL will facilitate the electronic voting process. Results will be announced on or before March 16, 2026.
09Feb 26
Shree Digvijay Cement Company Approves Q3FY26 Financial Results
Shree Digvijay Cement Company Limited's Board approved unaudited standalone and consolidated financial results for Q3FY26 and nine months ended December 31, 2025, during their February 7, 2026 meeting. The company published result extracts in Financial Express editions and uploaded complete results on its website, fulfilling SEBI LODR regulatory requirements for both BSE and NSE listings.
06Feb 26
Shree Digvijay Cement Company CEO & Managing Director Krishnakumar Ramanujan Resigns
Shree Digvijay Cement Company announced the resignation of CEO & Managing Director Krishnakumar Ramanujan, effective February 6, 2026. The board accepted his resignation with immediate effect and acknowledged his contributions during his tenure. The company has initiated the search for a new CEO & MD and will update stock exchanges once the selection process is completed.
30Jan 26
Shree Digvijay Cement Open Offer Concludes with Partial Subscription
India Resurgence Fund schemes completed their open offer for Shree Digvijay Cement Company Limited, acquiring 1,34,07,285 shares at INR 92.20 per share for a total consideration of INR 1,23,61,51,677.00. The offer ran from January 05-19, 2026, and was significantly undersubscribed compared to the maximum target. Post-acquisition, the three schemes hold a combined 53.05% stake, while public shareholders retain 45.95% ownership. Consideration payment is scheduled for January 27, 2026.
27Jan 26
Shree Digvijay Cement Company Limited Schedules Board Meeting for February 6, 2026 to Consider Q3 FY26 Results
Shree Digvijay Cement Company Limited has scheduled a board meeting for February 6, 2026, to consider Q3 FY26 unaudited standalone and consolidated financial results for the quarter and nine months ending December 31, 2025. The company has notified BSE and NSE in compliance with SEBI Listing Regulations. The trading window, closed since January 1, 2026, will remain closed until February 8, 2026, as per the company's code of conduct for designated persons.
16Jan 26
Shree Digvijay Cement Open Offer Extended to January 19 Due to Trading Holiday
Shree Digvijay Cement Company Limited announced extension of its mandatory open offer tendering period by India Resurgence Fund entities to January 19, 2026, following SEBI's permission due to trading holiday declared for Maharashtra municipal elections. The offer for 3,85,43,837 equity shares at ₹92.20 per share remains unchanged with revised payment completion by February 2, 2026.
19Dec 25
TrueNorth Fund VI Completes 45.01% Stake Sale in Shree Digvijay Cement
TrueNorth Fund VI LLP has successfully completed the sale of 45.01% stake in Shree Digvijay Cement Company to India Resurgence Fund entities, involving 66.73 million shares and reducing TrueNorth's holding from 54.52% to 9.51%. The transaction, originally agreed upon in September 2025 and amended in December 2025 with a revised price of ₹86.70 per share, marks India Resurgence Fund's acquisition of control and TrueNorth's reclassification as a public shareholder.
18Dec 25
Shree Digvijay Cement Announces Board Changes Following Stake Acquisition
Shree Digvijay Cement Company Limited has announced significant board changes following the completion of a 45.01% stake acquisition by India Resurgence Fund entities from True North Fund VI LLP. The changes include the resignation of Mr. Pramod Kabra and appointment of Mr. Shitij Kale as Additional Director, with all regulatory compliance requirements met.
15Dec 25
Shree Cement Executes ₹79.55 Crore Block Trade on NSE at ₹26,470 Per Share
Shree Cement has completed a substantial block trade on NSE worth ₹79.55 crores, involving 30,053 shares at ₹26,470.00 per share. This institutional transaction reflects heightened market activity and investor confidence in the cement sector, with the trade executed through NSE's transparent platform for large-volume transactions.
09Dec 25
Shree Digvijay Cement Secures Partial Relief in Regulatory Appeal, Penalty Reduced
Shree Digvijay Cement Company Limited has received partial relief in its appeal against penalties imposed by the Registrar of Companies for non-compliance with beneficial ownership filing requirements. The Regional Director's order dropped penalties amounting to Rs. 8,48,400 under Section 90(4A) of the Companies Act, 2013, while maintaining penalties totaling Rs. 4,50,000 under other sections. The violations were related to non-filing of BEN-1 and BEN-4 forms concerning the shareholding of Votorantim Cimentos EAA Inversiones S.L., the company's erstwhile holding company. Shree Digvijay Cement stated that there is no material impact on the company's financial operations or other activities, and is considering exploring further remedies against the order.
19Nov 25
CCI Approves Shree Digvijay Cement's Distribution Deal and Acquisition
The Competition Commission of India (CCI) has approved two significant transactions for Shree Digvijay Cement Company Limited. The first is a distribution agreement with Hi-Bond Cement Private Limited, granting Shree Digvijay exclusive long-term cement distribution rights and an option to acquire 100% of Hi-Bond Cement's equity shares. The second approval is for India Resurgence Fund's proposed acquisition of shares in Shree Digvijay Cement. These approvals were granted under Section 31(1) of the Competition Act, following a joint application filed under Section 6(2).
19Oct 25
Shree Digvijay Cement Reports ₹248 Crore Net Profit in Q2
Shree Digvijay Cement Company Limited announced impressive Q2 financial results. Total income from operations reached ₹130,564.10 lakhs, with net profit after tax at ₹24,845.95 lakhs. The company reported an EPS of ₹710.86 and a net worth of ₹1,393,371.56 lakhs. The debt-equity ratio stands at 2.58, indicating a balanced approach to leverage. These results, approved by the Board on October 17, showcase significant growth across key financial metrics.
17Oct 25
Shree Digvijay Cement Reports Impressive Q2 Performance with 25-Fold Surge in Net Profit
Shree Digvijay Cement Company has reported exceptional Q2 FY2024 results. Net profit surged to ₹102.00 crore from ₹4.00 crore in Q2 FY2023, marking a 2450% increase. EBITDA rose to ₹194.00 crore, up 139.51% year-over-year. The EBITDA margin expanded significantly to 12.04% from 5.57%, showing a 647 basis points improvement. These results indicate robust operational efficiency and improved profitability amidst challenging market conditions in the cement sector.
01Oct 25
Shree Digvijay Cement Doubles Production Capacity with New Grinding Plant
Shree Digvijay Cement Company Limited has doubled its annual cement production capacity from 1.5 million tonnes to 3.0 million tonnes with the launch of a new cement grinding plant at its Sikka-Digvijaygram facility in Jamnagar, Gujarat. The expansion, effective from October 1, 2025, involved setting up a new cement grinding plant at the existing site. The company announced this capacity increase in a disclosure to stock exchanges under SEBI regulations.
16Sept 25
Shree Digvijay Cement Seeks Shareholder Approval to Boost Borrowing Limit to INR 750 Crores
Shree Digvijay Cement Company Limited has announced strategic initiatives requiring shareholder approval. The company aims to increase borrowing powers from INR 500 crores to INR 750 crores, primarily to fund a INR 600 crore distribution agreement with Hi-Bond Cement. This agreement includes a refundable deposit of up to INR 400 crores. The company also seeks approval to create charges on assets to secure increased borrowings and expand investment limits to INR 1,200 crores. An options agreement with Hi-Bond Cement allows potential 100% acquisition within eight years. E-voting on these resolutions will occur from September 19 to October 18, 2025, with results expected by October 20, 2025.
05Sept 25
Shree Digvijay Cement Reports Mixed Results, Recommends Rs 1.50 Dividend
Shree Digvijay Cement Company's FY2025 results show annual declines but quarterly improvements. Revenue decreased 8.40% to 72515.00, EBITDA fell 56.70% to 6706.00, and PAT dropped 71.30% to 2520.00. However, Q4 sales volume increased 10% to 3.94 lacs tons. The company announced a dividend of Rs 1.50 per share and is expanding with a new grinding unit expected to be operational in Q1 FY2026. The 80th AGM is scheduled for August 29, 2025.
03Sept 25
Shree Digvijay Cement Explores Strategic Alliance with Hi-Bond Cement
Shree Digvijay Cement Company Limited is in talks with Hi-Bond Cement (India) Private Limited for a long-term strategic alliance. The company is proposing to acquire exclusive distribution rights for Hi-Bond Cement's products and is exploring other strategic opportunities. The proposal is subject to board approval, with a meeting scheduled for September 4, 2025. This move could potentially expand Shree Digvijay Cement's product portfolio and market reach.
25Aug 25
Shree Digvijay Cement Refutes Speculation on Adani Group's Interest in Assets
Shree Digvijay Cement Company has officially refuted market speculation about the Adani Group's potential acquisition of its plant and port assets. The company stated it has no knowledge of such developments and doesn't comment on market speculations. In a clarification to BSE Limited, the cement manufacturer affirmed its compliance with all necessary disclosures under SEBI regulations and attributed recent share price movements to market dynamics.
25Aug 25
Adani Group Eyes Shree Digvijay Cement's Plant and Port Assets
Adani Group is considering acquiring Shree Digvijay Cement Company's manufacturing plant and port facilities. This potential move aligns with Adani's expansion strategy in infrastructure and logistics sectors. The acquisition could enhance Adani's port operations, enable vertical integration in construction, and improve its logistics network. While details remain undisclosed, the market is closely watching this development for its potential impact on Adani Group and the cement and port sectors in India.
30Jul 25
Shree Digvijay Cement Reports 22% Profit Growth in Q1 Despite Market Challenges
Shree Digvijay Cement Company posted strong Q1 results with a 22% increase in Profit After Tax to ₹1,379.00 lakhs. Revenue from operations grew by 11% to ₹19,595.00 lakhs, while sales volume increased by 6% to 3.59 lakh tons. The company maintained a steady EBITDA per ton at ₹701.00 despite lower cement prices and subdued demand in Gujarat. A capacity expansion project doubling production to 3.0 million tons per annum is nearing completion, with the new grinding plant undergoing trial runs.
28Apr 25
Shree Digvijay Cement Reports 42% Drop in Q4 Net Profit, Announces Dividend
Shree Digvijay Cement Company Limited reported a significant decline in its Q4 FY2025 financial results. Net profit fell by 42% to ₹18.30 crore, while revenue decreased by 3.6% to ₹216.40 crore. EBITDA saw a sharp decline of 42.2%, with the EBITDA margin dropping to 12.8%. Despite the challenging quarter, the company announced a dividend of ₹1.50 per share for FY2025.
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