Sri Chakra Cement Ltd

Sri Chakra Cement Ltd has announced that its Board of Directors will convene on August 14, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The meeting will take place at the company's corporate office in Hyderabad. Concurrently, the trading window for dealing in the company's securities will remain closed for directors, officers, and designated persons from July 1, 2026, until 48 hours after the announcement of the financial results.

Sri Chakra Cement Ltd has received a demand notice (Form 4) under the Insolvency and Bankruptcy Code, 2016, from Ushodaya Enterprises, a coal supplier. The notice demands payment of ₹2,90,69,041 plus applicable MSME interest for unpaid operational debt. The company is reviewing the notice with legal counsel and evaluating the claims. Sri Chakra Cement expects to resolve the matter amicably within statutory timelines and does not anticipate any material impact on its operations or financial position.

Sri Chakra Cement Ltd has announced the temporary layoff of workmen from its factory unit located in Sri Narasimhapuri, Karampudi, Andhra Pradesh, effective August 1, 2026, until further notice. This decision follows a review of the company's business operations. The company has stated that all eligible workmen will receive lay off compensation and other statutory dues as per legal provisions. The indefinite nature of the layoff suggests potential operational challenges or restructuring within the company's manufacturing segment.

Sri Chakra Cement Ltd has issued a corrigendum to its 44th Annual Report for the Financial Year 2025-26. The company identified inadvertent clerical errors in the Share Capital Schedule, which have been updated on pages 62 and 99 of the report. An updated version of the Integrated Annual Report has been posted on the company's website. Sri Chakra Cement emphasizes that these typographical errors have no impact on the financial statements for the year ended March 31, 2026. The corrigendum should be read in conjunction with the original Integrated Annual Report.

Sri Chakra Cement Ltd has announced its 44th Annual General Meeting (AGM) will be held on August 19, 2026, at 12:00 Noon. The meeting will be conducted through video conferencing (VC) or other audio-visual means (OAVM), with the registered office serving as the deemed venue. Key agenda items include the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, the re-appointment of Smt. Venkata Naga Lalitha Kapilavai as a director liable to retire by rotation, and the re-appointment of Sri Vijayulu Reddy Kaliki as an independent director for a term of five years effective November 9, 2026. Additionally, the remuneration payable to M/s Naval & Associates, Cost Auditors, for the financial year 2026-2027 will be ratified.

Sri Chakra Cement Ltd has announced its 44th Annual General Meeting (AGM) to be held on August 19, 2026, at 12:00 Noon via Video Conferencing. The AGM will focus on adopting the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the Board and Auditors' reports. Key agenda items include the re-appointment of Smt. Venkata Naga Lalitha Kapilavai as a Director retiring by rotation and the special business of re-appointing Sri Vijayulu Reddy Kaliki as an Independent Director. The company has also provided details of its board of directors, CFO, Company Secretary, statutory and cost auditors, and registrar and share transfer agents.

Sri Chakra Cement Ltd has announced the record date for its 44th Annual General Meeting (AGM). The record date is set for August 12, 2026, to determine eligibility for attending and voting at the AGM. The company's Register of Members and Share Transfer Books will be closed from August 13, 2026, to August 19, 2026, inclusive. The AGM is scheduled to be held on August 19, 2026, at 12:00 Noon. This intimation is in compliance with relevant sections of the Companies Act, 2013, and SEBI regulations.

Sri Chakra Cement Ltd has announced its 44th Annual General Meeting (AGM) will be held on August 19, 2026, at 12:00 Noon. The meeting will be conducted entirely through video conferencing (VC) or other audio-visual means (OAVM), with the registered office serving as the deemed venue. Key agenda items include the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, the re-appointment of Smt. Venkata Naga Lalitha Kapilavai as a director liable to retire by rotation, and the re-appointment of Sri Vijayulu Reddy Kaliki as an Independent Director for a term of five years effective November 9, 2026. Additionally, the remuneration payable to the cost auditors for the financial year 2026-2027 will be ratified.

Sri Chakra Cement Ltd has announced the closure of its trading window for dealing in the company's shares. This closure is effective from July 1, 2026, and will remain in effect until 48 hours after the declaration of the un-audited financial results for the first quarter ended June 30, 2026. The decision aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Insider Trading Policy. The specific date for the Board Meeting to consider these financial results will be communicated separately.

Sri Chakra Cement Ltd has temporarily suspended its manufacturing operations at its Karampudi unit, Guntur District, Andhra Pradesh, effective June 27, 2026. This decision was necessitated by acute working capital constraints, impacting the company's ability to continue normal manufacturing activities. The suspension is complete for the unit, which represents 100% of the company's operations. The company is actively pursuing measures to improve its liquidity, including mobilizing additional working capital and exploring funding and restructuring options, with the goal of resuming operations as soon as possible. The estimated annual revenue impact is approximately ₹130 Crore. The exact timeline for recommencement is uncertain and depends on the success of these revival initiatives. All assets are adequately insured up to ₹151.50 crores.