SHREE CEMENT LTD. - 500387 - Shareholder Meeting / Postal Ballot-Outcome of AGM
Summary of Proceedings of the 44th Annual General Meeting of the Company held on 26th July, 2023.26-07-2023
26-07-2023
Q1FY24 Quarterly Result Announced for Shree Cements Ltd.
Shree Cements announced Q1FY24 results: Net revenue up YoY by 19% from Rs 4,203 crore to Rs 4,999 crore Total sale volume increased YoY by 19% from 7.50 million tonnes to 8.92 million tonnes EBIDTA up YoY by 14% from Rs 819 crore to Rs 933 crore Sale of premium products rise to 8.8%, a 6.3% on a YoY basis Delivers volume growth of 19% with EBITDA increasing by 14% YoY. PAT improves by 84%. Starts 12 million tonnes cement capacity expansion projects in Rajasthan, Uttar Pradesh, and Karnataka at a total investment of ~ Rs 7,000 crore. Makes strategic diversification to ready mix concrete, starting with a plan to set up 5 ready mix units by this year. Commenting on the performance, Neeraj Akhoury, Managing Director, Shree Cement said, “Shree Cement’s quarter performance confirms that our strategic intents are starting to deliver results. Our bold actions to grow ahead of the industry with a focus on organic growth, sharpening operational efficiencies & improve special product sales will continue to be executed in the coming years. Shree has embarked on an ambitious journey to push the limits of its performance. We are also determined to bring world-class technology enablers, especially digital tools, to create robust routes to markets and plant operations. Shree leads on green power share and we will continue to examine every step to make Shree the greenest cement company. We have started the trial commissioning of our new unit at Purulia, West Bengal, and are confident to commence operations of new plants at Nawalgarh in Rajasthan and Guntur in Andhra Pradesh within scheduled timelines. We are also happy to announce our next phase of capacity expansion projects of 12 million tonnes that will take the group’s cement capacity to 72.4 million tonnes.” Akhoury added, “The current macro-economic environment in the country combined with government focus is supporting growth for the cement sector. Accordingly, we are accelerating our growth plans to ensure that we seize the opportunity to the maximum. We have set an ambitious goal of taking our capacity beyond 80 million tons in the coming years and are aggressively charting out action plans to implement the same.” Result PDF26-07-2023
SHREE CEMENT LTD. - 500387 - Disclosure In Terms Of Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")
In terms of SEBI Listing Regulations we disclose information about the Senior Management Personnel.26-07-2023
Shree Cement shares climb on 84% surge in Q1 net, capacity addition plans
Shree Cement's board also approved investment worth Rs 7,000 crore for increasing capacity by way of internal accruals and debt.26-07-2023
SHREE CEMENT LTD. - 500387 - Disclosure In Terms Of Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")
In terms of Regulation 30 of the SEBI Listing Regulations, we are giving disclosure of Senior Management Personnel.26-07-2023
SHREE CEMENT LTD. - 500387 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Enclosed herewith the Press Release on Unaudited Financial Results of the Company for the Quarter ended 30th June, 2023 and other matter.26-07-2023
SHREE CEMENT LTD. - 500387 - Disclosure Under Regulation 30(5) Of SEBI (Listing Obligation And Disclosure Requirement) Regulation, 2015 - Authorisation Of Key Managerial Personnel (KMP) Of The Company For The Purpose Of Determining The Materiality Of Events Or Information
Authorisation of Key Managerial Personnel (KMP) of the Company for the purpose of determining the materiality of event or information.26-07-2023
SHREE CEMENT LTD. - 500387 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements), Regulations, 2015
The Board of Directors of the Company in its Meeting held today (i.e. 26th July, 2023) approved investment for increasing Clinker and Cement capacity.26-07-2023
SHREE CEMENT LTD. - 500387 - Board Meeting Outcome for Outcome Of Board Meeting
Board of Directors of the Company in its meeting held today (i.e. 26th July, 2023) approved the Un-audited Financial Results (Standalone and Consolidated) of the Company for Quarter ended on 30th June, 2023. Financial Results approved by the Board alongwith the Limited Review Reports of Statutory Auditors of the Company over the said financial results are enclosed herewith. The Board also approved raising of funds by way of issuance of Non-Convertible Debentures (NCDs) aggregating to an amount upto Rs. 1,000 Crores in one or more tranches on private placement basis. The meeting of the Board started at 10.00 AM and concluded at 10:50 AM.26-07-2023
SHREE CEMENT LTD. - 500387 - OUTCOME OF BOARD MEETING
Board of Directors of the Company today (i.e. 26th July, 2023) approved un-audited financial results for the quarter ended 30.06.2023.26-07-2023