SHREE CEMENT LTD.

Shree Cement Ltd announced that the Additional Commissioner (Appeals), SGST, Patna has dismissed its appeal against a demand order from the Deputy Commissioner, State Tax, Patna. The dismissal was for technical reasons, reinstating tax demands, interest, and penalties totaling approximately ₹41.88 crore for one case and ₹25.60 crore for another. The company stated that the order has no major financial impact and it plans to file an appeal before the GST Appellate Tribunal based on the merits of the case. This action relates to alleged valuation issues and excess Input Tax Credit (ITC) availed.

Shree Cement Ltd has announced the closure of its trading window from July 1, 2026, to August 2, 2026, inclusive. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The decision is made in anticipation of the Board of Directors' meeting scheduled for July 31, 2026. During this meeting, the board will consider and approve the un-audited standalone and consolidated financial results for the quarter ending June 30, 2026. The trading window will reopen 48 hours after the announcement of these financial results.

Shree Cement Ltd has announced that its Board of Directors will convene on July 31, 2026. The primary agenda item is to consider and approve the un-audited standalone and consolidated financial results for the first quarter ending June 30, 2026. In line with SEBI regulations, the company will also close its trading window from July 1, 2026, reopening 48 hours after the results announcement, on August 2, 2026.

Shree Cement Limited has announced the appointment of Mr. Gaurav Jain as Head - Corporate Affairs, effective June 1, 2026. This date has been advanced from the previously communicated June 20, 2026. Initially, the appointment was subject to shareholder approval, but due to revised terms, this requirement is no longer applicable. Mr. Jain is designated as a Senior Management Person. He brings over two decades of experience in sales, business development, investor relations, and corporate affairs, with prior roles at Jaypee Group, ICICI Group, and Accenture. He holds an MBA from the Indian School of Business, Hyderabad. Notably, Mr. Jain is a relative of Mr. H.M. Bangur, Chairman, and Mr. Prashant Bangur, Vice Chairman (Promoters) of the company.

Shree Cement Ltd. has received a Final Assessment Order under Section 143(3) of the Income Tax Act, 1961, for FY 2022-23, resulting in a demand of ₹153.47 Cr (including interest). The company plans to adjust this demand against pending refunds and is taking legal action, expecting the demand to subside based on previous years' orders. Shree Cement does not anticipate any significant impact on its financial operations.

CARE ESG Ratings Limited has upgraded Shree Cement Ltd's Environmental, Social, and Governance (ESG) rating score to 73.8 from 70.8, reaffirming the 'CareEdge-ESG 1' rating symbol. The upgrade, effective as of the letter dated May 12, 2026, reflects the company's enhanced sustainability practices, operational efficiency, and governance oversight across its business operations, as per Regulation 30 of SEBI Listing Regulations, 2015.

Shree Cement Ltd has received a GST demand order from the Assistant Commissioner, Central GST & Central Excise, Pali, for ₹39,19,286. The demand includes applicable interest and an equivalent penalty due to non-payment of service tax. Shree Cement disagrees with the order and plans to file an appeal before the Commissioner (Appeals) within 2 months, believing it has a strong case on merits. The company does not anticipate a major financial impact from this order.

Shree Cement Ltd announced changes in its senior management. Mr. Sanjay Mehta, President - Procurement & Corporate Affairs, will superannuate on August 31, 2026. Mr. Gaurav Jain has been appointed as Head – Corporate Affairs effective June 20, 2026, subject to shareholder approval. Mr. Jain has over two decades of experience and is a relative of the Chairman and Vice Chairman.

Shree Cement Ltd announced its financial results for the quarter and year ended March 31, 2026. The company reported consolidated net revenue from operations of ₹6,101 crore and a profit after tax of ₹528 crore for the quarter ended March 31, 2026. Total cement sale volume grew by 11% year-on-year. The company's installed cement production capacity in India increased to 69.3 MTPA with the commissioning of a new integrated project in Kodla, Karnataka. Shree Cement is expanding its RMC business and focusing on sustainability initiatives, including increasing green electricity consumption.

Shree Cement Ltd's board approved the audited financial results for the quarter and year ended March 31, 2026. They recommended a final dividend of ₹70 per equity share of ₹10 each for FY26, subject to shareholder approval. The statutory auditors issued an unmodified opinion on the standalone and consolidated financial results. The board meeting was held on May 6, 2026, from 3:05 P.M. to 4:30 P.M.