JK Cement Board Approves Q2 FY27 Results, Appoints New Auditors, and Greenlights Telangana Paint Plant Expansion
JK Cement's Board approved Q2 FY27 results. New auditors, Price Waterhouse Chartered Accountants LLP, were proposed for a 5-year term. A new ₹130 Crore water-based paint plant with 75,000 KLPA capacity will be set up in Telangana by subsidiary JK Maxx Paints.
The capacity expansion in the paints business represents a substantial investment and strategic growth initiative, which is likely to have a significant impact on the company's future revenue and market position.
The approval of financial results, appointment of new auditors, and significant capacity expansion in the paints business indicate positive forward-looking actions and financial health.
JK Cement Limited announced the outcome of its Board Meeting held on October 24, 2026. The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the second quarter and half year ended September 30, 2026.
Additionally, the Board approved amendments to the Code of Conduct for Regulating, Monitoring and Reporting of Trading by Designated Persons and the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, effective immediately.
Following the recommendation of the Audit Committee, the Board has proposed the appointment of Price Waterhouse Chartered Accountants LLP as the new Statutory Auditors for a term of five consecutive years, commencing from the conclusion of the 33rd AGM in 2027 until the 38th AGM in 2032. This appointment is subject to shareholder approval and other statutory requirements. The current auditors, M/s. S. R. Batliboi & Co. LLP, will complete their tenure at the conclusion of the 33rd AGM.
In a significant move for its paints business, the Board noted and approved the decision of its wholly-owned subsidiary, JK Maxx Paints Limited, to establish a new water-based paint manufacturing plant. This plant, with a capacity of 75,000 KLPA, will be located at Raghunadhapalem, Suryapet District, Telangana. The estimated capital cost for this expansion is ₹130 Crore, to be funded from the already approved investment of ₹600 Crore in the paints business. The new facility is expected to be commissioned within 12 months of commencing construction, driven by the projected full utilization of the existing Bhiwadi plant by FY 2027-28.
The Board meeting commenced at 1:05 P.M. (IST) and concluded at 2:08 P.M. (IST).
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