Mangalam Cement Limited — Important, 08-08-2025: Updates

Mangalam Cement (MCL) faced non-delivery of a 55,000 MT petroleum coke cargo, despite an upfront payment of approximately USD 5.4 million. The company has filed an insurance claim for USD 5.37 million to recover the amount, which is currently under process. Additionally, MCL has initiated legal action against the carrier and other related shipping parties to safeguard its financial interests. This incident represents a material operational challenge, with the company actively pursuing all avenues for recovery.