SAURASHTRA CEMENT LTD.

Saurashtra Cement Ltd announced its unaudited financial results for the first quarter and three months ended June 30, 2026. The results, which were standalone and consolidated, were approved by the Board of Directors at a meeting held on August 6, 2026. A limited review report was also enclosed with the financial results. The company submitted these results in accordance with SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Saurashtra Cement Limited announced the appointment of Mr. Tusher Majumder as Head of Human Resource, effective September 25, 2026. The decision was approved by the Board of Directors based on the recommendation of the Nomination & Remuneration Committee. Mr. Majumder, aged 53, brings 26 years of experience in HR across various sectors including cement, chemicals, and automobiles. He will be designated as Senior Management Personnel. The board meeting where this appointment was approved commenced at 5:00 p.m. and concluded at 6:40 p.m. on August 6, 2026.

Saurashtra Cement Ltd announced the appointment of Ms. Sonali Sanas as the new Chief Executive Officer (CEO) of its Paints Division, effective August 16, 2026. This follows the resignation of the previous CEO, Mr. Surender Bhatia, whose cessation is effective August 14, 2026. Ms. Sanas, currently the Chief Legal Officer and Company Secretary, brings over 26 years of diverse leadership experience across various sectors, including cement, steel, media, and family office. Her extensive background in corporate leadership, governance, and people management is expected to drive the Paints Division's growth.

Saurashtra Cement Ltd has announced the resignation of Mr. Surender Bhatia, CEO of its Paints Division and a Key Managerial Personnel (KMP). His resignation is effective from the closure of business hours on August 14, 2026. The company also announced the appointment of Ms. Sonali Sanas as the new Chief Executive Officer for the Paints Division, effective August 16, 2026. Ms. Sanas, currently the Chief Legal Officer and Company Secretary, brings extensive experience in corporate leadership and governance.

Saurashtra Cement's consolidated (primary) net profit fell 45.9% year-on-year to ₹9.13 Cr (EPS ₹0.82) for Q1 FY27, against ₹16.85 Cr (EPS ₹1.52) a year ago, even as consolidated revenue grew 7.8% YoY to ₹456.75 Cr. Sequentially, PAT was down 51.5% from ₹18.83 Cr in Q4 FY26, though the year-on-year read is the primary one here. No street consensus estimates for this stock turned up in available previews (it appears to lack formal brokerage coverage); broader cement-sector commentary from the same reporting window flags input-cost inflation and pricing pressure weighing on peers' margins, consistent with the compression seen in this print. The company has no formal guidance or outlook on record and there is no prior concall in our records to check this result against — flagging that absence rather than skipping it. The margin hit was a cost story, not a revenue one. Consolidated net profit margin compressed to roughly 2.0% of revenue from 3.93% a year ago (4.18% last quarter), as total expenses rose 11.9% YoY to ₹450.05 Cr against 7.8% revenue growth. The single largest swing sits in inventories: the company moved from a ₹7.33 Cr credit (inventory build-up) in Q1 FY26 to a ₹21.68 Cr charge (destocking) this quarter, a roughly ₹29 Cr unfavourable turn, compounded by a 35.9% YoY jump in stores & repairs to ₹38.27 Cr. These were partly offset by lower freight & forwarding (-5.6% YoY) and employee costs (-4.7% YoY), and flat power & fuel spend. Neither this quarter nor the year-ago quarter carried exceptional items, so the decline is fully operational and the YoY comparison is clean of one-offs on both sides. By segment, the core cement business's profit fell about 27% YoY to ₹24.34 Cr even as its revenue grew 7.5% YoY to ₹433.72 Cr, confirming the cost pressure sits within cement operations rather than being a mix effect. The Paints segment's loss widened to ₹9.36 Cr from ₹4.18 Cr YoY on ₹23.02 Cr of revenue (+14.1% YoY) — a second straight quarter of a widening loss that is now a meaningful drag on group profitability. Among the quarter's other developments, the company won partial relief in an income-tax appeal (11-14 Jul 2026) and received a SEBI exemption order tied to an acquisition (15 Jul 2026); neither carries a quantified P&L impact in this filing. The kiln was taken down for its annual maintenance shutdown on 21 Jul 2026, just after the quarter closed — a marker for Q2 FY27 volumes and costs, especially given stores & repairs spend was already elevated this quarter. No management press release accompanying this result was available to cross-check against the reported numbers.

Saurashtra Cement Ltd has announced that its Board of Directors will convene on August 6, 2026. The primary agenda item for this meeting is to consider and approve the Un-audited Financial Results for the First Quarter and Three Months ended June 30, 2026, on both standalone and consolidated bases. The company also confirmed the trading window closure for its securities, which began on July 1, 2026, and will extend until 48 hours after the financial results announcement, concluding on August 8, 2026.

Saurashtra Cement Ltd has announced the shutdown of its Kiln at the Ranavav plant for annual maintenance, effective July 21, 2026. The shutdown is expected to last approximately 24 days. Despite the Kiln stoppage, the company has stated that cement and clinker dispatches will continue as usual. This disclosure is made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Saurashtra Cement Limited has disclosed an Exemption Order from SEBI concerning the proposed indirect acquisition of shares and voting rights by the Mehta Family Trust. The application sought exemption from SAST Regulations, 2011. The order details the target company's share capital and a snapshot of its shareholding pattern as of March 2026, listing various individuals and their respective percentages.

Saurashtra Cement Ltd has received an appellate order from the Commissioner of Income Tax (Appeals), National Faceless Appeal Center (NFAC) dated July 13, 2026. The order, passed under section 250 for Assessment Year 2019-20, allows the company's appeal partly. Saurashtra Cement has stated that there will be no additional financial impact on the company due to this order. The company intends to file a second appeal before the Income Tax Appellate Tribunal, Rajkot, in due course.

Saurashtra Cement Ltd has received a partly favorable appellate order from the Commissioner of Income Tax (Appeals), NFAC, dated July 10, 2026. The order pertains to assessment year 2020-21. While the company has been granted partial relief, it plans to file a second appeal before the Income Tax Appellate Tribunal, Rajkot, against the order. The company states there will be no additional financial impact from this order.