JK Cement Limited — Important, 25-01-2025: Updates

The Board of Directors has approved the unaudited financial results for the third quarter and nine months. Notable metrics for the period include revenues supporting a robust growth trajectory.

In a strategic move, the company will acquire a 60% stake in Saifco Cements Private Limited for an enterprise value of ₹174 crore. Saifco, with a clinker capacity of 0.26 MnTPA and grinding capacity of 0.42 MnTPA, is positioned to enhance JK Cement's presence in Jammu and Kashmir. The transaction, contingent on due diligence and regulatory approvals, is expected to complete within six months.

Additionally, JK Cement will establish a wholly owned Section 8 Company, focused on promoting startups and incubators. Overall, this acquisition and initiative provide a positive outlook for future growth, expanding market footprint and fostering innovation in the sector.