Saurashtra Cement Limited
All news and filings related to Saurashtra Cement Limited.
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Mehta Family Trust Discloses Indirect Acquisition of Voting Rights in Saurashtra Cement Limited
Mehta Family Trust disclosed an indirect acquisition of voting rights in Saurashtra Cement Limited. This follows SEBI's exemption order dated July 14, 2026. The trust indirectly acquired 9.46% voting rights through Omna Enterprises LLP, with no change in the company's overall shareholding structure.
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Mehta Family Trust Acquires 9.46% Voting Rights in Saurashtra Cement Indirectly
Mehta Family Trust indirectly acquired 9.46% voting rights in Saurashtra Cement Limited on September 24, 2026, through a 50.04% stake in Omna Enterprises LLP. This is part of an internal family reorganization and does not change control or shareholding patterns. The company's equity capital remains ₹111.29 crore.
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Mehta Family Trust Acquires 9.46% Stake in Saurashtra Cement Indirectly
Mehta Family Trust indirectly acquired 9.46% voting rights in Saurashtra Cement Limited on September 24, 2026. This stake was acquired through Omna Enterprises LLP as part of an internal family reorganization, following SEBI exemption. No change in control or management is reported.
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Saurashtra Cement Receives GST Show Cause Notice for ₹3.83 Crore Demand
Saurashtra Cement Limited received a GST Show Cause Notice for ₹3.83 Crore concerning alleged short payment and excess ITC for FY 2022-23. A hearing is scheduled for October 29, 2026. The company believes the demand is not maintainable and expects no significant financial impact.
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Saurashtra Cement's Long-Term Ratings Re-affirmed at BBB- (Stable) by ICRA
ICRA has re-affirmed Saurashtra Cement Limited's long-term credit ratings at BBB- (Stable) for instruments totaling ₹404.00 crore. This includes ratings for term loans, non-fund-based facilities, cash credit, and unallocated facilities. The ratings were reaffirmed on September 29, 2026.
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Saurashtra Cement signs 14 MW Wind-Solar Hybrid Power Agreement, invests ₹14.92 Crore
Saurashtra Cement Limited entered into a Power Consumption Agreement and a Share Purchase & Shareholders’ Agreement for a 14 MW Wind-Solar Hybrid power arrangement. The company will invest approximately ₹14.92 Crore in Jamnagar Renewables Two Private Limited. The agreement has a tenure of 25 years.
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Saurashtra Cement: Trading Window Closed from Oct 1 for Q2 FY27 Results
Saurashtra Cement Limited will close its trading window for designated persons from October 1, 2026. The window will reopen 48 hours after the declaration of un-audited financial results for the second quarter and six months ending September 30, 2026.
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Saurashtra Cement Receives ₹2.07 Crore GST Show Cause Notice
Saurashtra Cement Limited received a Show Cause Notice for ₹2.07 Crore related to excess Input Tax Credit claimed for FY23. The company must respond by October 23, 2026. Saurashtra Cement believes the demand is not maintainable and expects no material financial impact.
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Saurashtra Cement: Ms. Sonali Sanas Resigns as Company Secretary & Compliance Officer
Ms. Sonali Sanas has resigned as Company Secretary & Compliance Officer of Saurashtra Cement Limited, effective 25th September 2026. This follows her transition to CEO - Paints Division. The Board approved the resignation on 6th August 2026.
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Saurashtra Cement: SEBI Exempts Mehta Family Trust from Open Offer for Indirect Acquisition
SEBI has exempted Mehta Family Trust from open offer requirements for indirect acquisition of shares in Saurashtra Cement Limited. The exemption, granted on July 14, 2026, is valid for one year and is subject to conditions. This internal family restructuring involves 1,62,15,400 shares (14.57%) and aims for succession planning without impacting public shareholders.
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Mehta Family Trust Acquires 14.57% Stake in Saurashtra Cement via Inter-se Transfer
Mehta Family Trust indirectly acquired 14.57% (1,62,15,400 shares) of Saurashtra Cement via an inter-se transfer from promoter Jay Mehta. The transaction, facilitated by Galaxy Technologies, is under a SEBI exemption order dated July 14, 2026. This is an internal reorganization with no change in total shareholding.
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Mehta Family Trust Acquires 14.57% Stake in Saurashtra Cement Indirectly
Mehta Family Trust has indirectly acquired 14.57% voting rights in Saurashtra Cement Limited through the purchase of 49.99% stake in Galaxy Technologies Private Limited. The acquisition, completed on September 22, 2026, is part of an internal family reorganization and does not alter control or shareholding structure.
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Mehta Family Trust Acquires 14.57% Voting Rights in Saurashtra Cement Indirectly
Mehta Family Trust indirectly acquired 14.57% voting rights in Saurashtra Cement Limited via the acquisition of 49.99% in Galaxy Technologies Private Limited on September 22, 2026. This is part of an internal reorganization and does not change control or promoter shareholding.
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Mehta Family Trust Acquires 14.57% Voting Rights in Saurashtra Cement Indirectly
Mehta Family Trust indirectly acquired 14.57% voting rights in Saurashtra Cement Limited by purchasing 49.99% of Galaxy Technologies Private Limited. The acquisition occurred on September 22, 2026, under SEBI exemption. This is an internal reorganization with no change in control or promoter shareholding.
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Saurashtra Cement Shareholders Approve Key Resolutions: Financials, Director Re-appointment, and Auditor Appointments
Saurashtra Cement Limited's shareholders approved six resolutions, including the adoption of FY26 audited financial statements. Key approvals involved the re-appointment of Director Hemang Dhirendra Mehta, the appointment of Cost Auditors for FY27, and the continuation of M/s. Manubhai & Shah LLP as Statutory Auditors. Mr. M. S. Gilotra was re-appointed as Managing Director for 2027.
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Saurashtra Cement Shareholders Approve Financials, Director Re-appointments, and Auditor Terms
Saurashtra Cement's shareholder meeting on September 24, 2026, saw approvals for FY26 financial statements, re-appointment of a director, and cost auditor remuneration. Mr. M. S. Gilotra was re-appointed as MD for one year, and Mr. Jay Mehta's commission was approved. The company also modified statutory auditor terms.
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Saurashtra Cement Limited: 68th AGM Concludes; All Resolutions Passed
Saurashtra Cement Limited's 68th AGM was held on September 23, 2026. All six resolutions, including financial statement adoption, director appointments, and auditor approvals, were passed by shareholders. The company provided remote e-voting and in-meeting e-voting facilities.
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Saurashtra Cement Holds 68th AGM on Sep 23, 2026; Approves Financials, Director Re-appointment
Saurashtra Cement Limited held its 68th AGM on September 23, 2026. The meeting approved FY26 financial statements, re-appointed Mr. Hemang Dhirendra Mehta as director, and approved Mr. M. S. Gilotra's reappointment as MD from Jan 1, 2027, to Dec 31, 2027. Cost auditors and statutory auditors' terms were also addressed.
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Saurashtra Cement Re-appoints Hemang Mehta and M.S. Gilotra as Directors at AGM
Saurashtra Cement Limited's shareholders approved the re-appointment of Mr. Hemang Dhirendra Mehta as Non-Executive, Non-Independent Director and Mr. M. S. Gilotra as Managing Director at the AGM on September 23, 2026. Mr. Gilotra's new term as MD is from January 1, 2027, to December 31, 2027.
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Saurashtra Cement Re-appoints Mr. Hemang Mehta and Mr. M. S. Gilotra at AGM
Saurashtra Cement Limited's AGM on 23rd September 2026 saw members approve the re-appointment of Mr. Hemang Dhirendra Mehta as Non-Executive, Non-Independent Director. Mr. M. S. Gilotra was re-appointed as Managing Director for a term from 1st January 2027 to 31st December 2027.
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Saurashtra Cement Limited's 68th AGM: All Resolutions Passed with High Shareholder Approval
Saurashtra Cement Limited's 68th AGM on September 23, 2026, saw all six resolutions passed. Shareholders approved financial statements, director appointments, cost auditors, statutory auditors' term modification, and reappointment of the Managing Director and Chairman's commission. All resolutions received high majority approval.
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Saurashtra Cement Ltd Holds 68th AGM on Sep 23, 2026, Approves Key Resolutions
Saurashtra Cement Limited convened its 68th AGM on September 23, 2026. Key approvals included the adoption of FY26 financial statements, re-appointment of Director Hemang Mehta, and continued appointment of MD M. S. Gilotra for 2027. Modifications to the Statutory Auditors' term were also approved.
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Saurashtra Cement Appoints Jayashree D. Soni as Company Secretary, Effective Oct 1, 2026
Saurashtra Cement Limited announced that Mrs. Jayashree D. Soni's appointment as Company Secretary, Compliance Officer, and KMP will now be effective from October 1, 2026, instead of September 25, 2026.
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Saurashtra Cement to hold 68th AGM on Sep 23, 2026, via VC
Saurashtra Cement Limited will hold its 68th AGM on September 23, 2026, via video conference. Remote e-voting will be available from September 20 to September 22, 2026. The book closure for the AGM is from September 17 to September 23, 2026.
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Saurashtra Cement Announces 68th AGM on Sep 23, 2026; FY26 Net Profit ₹14.42 Crore
Saurashtra Cement will hold its 68th AGM on September 23, 2026. For FY26, net profit rose to ₹14.42 crore from ₹6.98 crore in FY25. Revenue increased to ₹1,666.04 crore. Operating profit grew 16% to ₹71.09 crore. No dividend was recommended for FY26.
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Saurashtra Cement to hold 68th AGM on Sep 23, 2026, via Video Conference
Saurashtra Cement Limited will hold its 68th AGM on September 23, 2026, via Video Conference. Key agenda items include adopting FY26 financial statements, re-appointing directors and auditors, and approving remuneration for the Managing Director and Chairman. Remote e-voting is available from September 20-22, 2026.
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Saurashtra Cement Holds 68th AGM on Sep 23, 2026, Releases FY26 Annual Report
Saurashtra Cement Limited will hold its 68th AGM on September 23, 2026. The company reported a consolidated profit of ₹1,441.83 lakhs for FY26, nearly doubling from ₹698.25 lakhs in FY25. Revenue from operations increased to ₹1,66,603.87 lakhs. No dividend was recommended for FY26.
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Saurashtra Cement Notifies Newspaper Publication for IEPF Share Transfer
Saurashtra Cement Limited is transferring unclaimed dividends and equity shares from FY 2019-20 to the IEPF by December 17, 2026. Shareholders must claim by November 20, 2026. Notices published on August 27, 2026.
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Saurashtra Cement Reappoints M. S. Gilotra as MD for One Year
Saurashtra Cement Limited's Board approved the re-appointment of Mr. M. S. Gilotra as Managing Director for one year (Jan 1, 2027 - Dec 31, 2027). This is subject to shareholder approval at the upcoming AGM. Mr. Gilotra has extensive experience in the cement industry.
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Saurashtra Cement Reappoints M. S. Gilotra as MD for one year from Jan 2027
Saurashtra Cement's Board approved the re-appointment of Mr. M. S. Gilotra as Managing Director. The reappointment is for one year, from January 1, 2027, to December 31, 2027. This is subject to shareholder approval at the upcoming AGM. Mr. Gilotra has extensive experience in the cement industry.
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Saurashtra Cement Reappoints M. S. Gilotra as MD for One Year
Saurashtra Cement's Board approved the re-appointment of M. S. Gilotra as Managing Director for one year, from January 1, 2027, to December 31, 2027. This is subject to shareholder approval at the upcoming AGM. Gilotra has extensive experience in the cement industry.
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Saurashtra Cement Q1 FY27 Unaudited Results Published in Newspapers
Saurashtra Cement Limited published its unaudited financial results for Q1 FY27 ended June 30, 2026. The results were approved by the Board on August 6, 2026, and published in Business Standard and Jai Hind on August 8, 2026, with a QR code and weblink for details.
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Saurashtra Cement Q1 FY27 Results: Revenue at ₹462 Crore, Net Profit ₹92 Crore
Saurashtra Cement reported unaudited results for Q1 FY27 ending June 30, 2026. Standalone net profit was ₹9.20 crore on ₹462 crore income. Consolidated net profit was ₹9.13 crore on ₹462 crore income. The Board of Directors approved these results on August 6, 2026.
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Saurashtra Cement Appoints Tusher Majumder as Head of HR, Effective September 25, 2026
Saurashtra Cement Limited has appointed Mr. Tusher Majumder as Head of Human Resource, effective September 25, 2026. Mr. Majumder, aged 53, has 26 years of experience in HR across various sectors. The appointment was approved by the Board of Directors on August 6, 2026.
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Saurashtra Cement Appoints Mrs. Jayashree D. Soni as Company Secretary, Effective Sept 25, 2026
Saurashtra Cement Limited appoints Mrs. Jayashree D. Soni as Company Secretary and Compliance Officer, effective September 25, 2026. She brings 20 years of experience. Ms. Sonali Sanas will transition out of these roles on the same date.
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Saurashtra Cement Appoints Mrs. Jayashree Soni as Company Secretary & KMP from Sep 25, 2026
Saurashtra Cement appoints Mrs. Jayashree Soni as Company Secretary, Compliance Officer, and KMP, effective September 25, 2026. Ms. Sonali Sanas will consequently cease her role as Company Secretary and KMP on the same date, following her appointment as CEO of the Paints Division.
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Saurashtra Cement Appoints Mrs. Jayashree Soni as Company Secretary; Ms. Sonali Sanas to Cease
Saurashtra Cement Limited announced the appointment of Mrs. Jayashree D. Soni as Company Secretary, Compliance Officer, and KMP, effective September 25, 2026. Ms. Sonali Sanas will cease to hold these positions on the same date. Mrs. Soni brings 20 years of experience in corporate secretarial practice.
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Saurashtra Cement Appoints Sonali Sanas as CEO - Paints Division effective Aug 16
Saurashtra Cement Limited announced the resignation of Surender Bhatia as CEO - Paints Division, effective August 14, 2026. Ms. Sonali Sanas has been appointed as the new CEO - Paints Division, effective August 16, 2026. Ms. Sanas brings over 26 years of experience and currently serves as Chief Legal Officer and Company Secretary.
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Saurashtra Cement: CEO Paints Division Resigns; Sonali Sanas Appointed
Saurashtra Cement Limited announced the resignation of Surender Bhatia as CEO of the Paints Division, effective August 14, 2026. Ms. Sonali Sanas has been appointed as the new CEO, effective August 16, 2026. Sanas brings over 26 years of experience and is currently the Chief Legal Officer.
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Saurashtra Cement Q1FY27 Results: Board Approves Unaudited Financials
Saurashtra Cement Limited's Board approved unaudited financial results for Q1FY27 ended June 30, 2026. Standalone Net Profit was ₹920.01 lakhs and Consolidated Net Profit was ₹912.73 lakhs. Revenue from Operations stood at ₹45,674.50 lakhs for both standalone and consolidated. The company operates in Cement and Paints segments.
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Saurashtra Cement Plant Kiln Shut Down for Annual Maintenance
Saurashtra Cement Limited's plant in Ranavav, Gujarat, has shut down its kiln for annual maintenance. The shutdown began on July 21, 2026, and is expected to last for 24 days. Cement and clinker dispatches will continue uninterrupted.
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Saurashtra Cement Receives Appellate Order on Income Tax Appeal for AY 2019-20
Saurashtra Cement Limited received a partly favorable appellate order from the NFAC for AY 2019-20 on July 13, 2026. The order has no additional financial impact. The company plans to file a further appeal.
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Saurashtra Cement Limited Receives Partial Relief in Income Tax Appeal
Saurashtra Cement Limited received a partial win in its income tax appeal from the Commissioner of Income Tax (Appeals) on July 10, 2026. The company is filing a further appeal against this order, stating there will be no additional financial impact.
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Saurashtra Cement Receives Partial Relief in Income Tax Appeal
Saurashtra Cement Limited received a partial appellate order from the Commissioner of Income Tax (Appeals), NFAC, on July 10, 2026. The company expects no additional financial impact. It plans to file a second appeal with the Income Tax Appellate Tribunal, Rajkot.
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Saurashtra Cement Ltd. Files SEBI Compliance Certificate for Q1 FY27
Saurashtra Cement Limited submitted a compliance certificate for Q1 FY27 ended June 30, 2026, as per SEBI regulations. The certificate was received from RTA MUFG Intime India Pvt. Ltd.
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Saurashtra Cement Appoints Sonali Sanas as CEO - Paints Division effective Aug 16
Saurashtra Cement Limited appointed Ms. Sonali Sanas as CEO - Paints Division, effective August 16, 2026. She replaces Mr. Surender Bhatia. Ms. Sanas has over 26 years of experience and currently holds roles as Chief Legal Officer and Company Secretary.
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Saurashtra Cement Ltd.: CEO Paints Division, Surender Bhatia, Resigns
Mr. Surender Bhatia, CEO of the Paints Division and KMP at Saurashtra Cement Limited, has resigned on May 15, 2026, due to personal reasons. His last working day will be August 14, 2026. The company has officially intimated the stock exchanges.
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Saurashtra Cement Limited submits Annual Secretarial Compliance Report for FY26
Saurashtra Cement Limited submitted its Annual Secretarial Compliance Report for the year ended March 31, 2026. The report, issued by Ragini Chokshi & Co., confirms the company's compliance with SEBI regulations. No deviations or violations were noted during the review period.
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Saurashtra Cement Announces Financial Results for Q4 FY26
Saurashtra Cement Limited announced its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved these results on May 12, 2026. The detailed results are available on the company's website and stock exchange platforms.
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Saurashtra Cement Appoints Cost Auditors and Internal Auditors for FY27
Saurashtra Cement Limited's Board approved audited financial results for FY26 on May 12, 2026. M/s. Goyal & Co. appointed as Cost Auditors and M/s. Pipalia Singhal & Associates as Internal Auditors for FY27.
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