JK Cement Ltd, a leading player in India’s cement sector, has announced that its board will consider raising Rs 5 bn through non-convertible debentures (NCDs) via private placement during its scheduled board meeting on May 24, 2025. If approved, this fundraising proposal will be presented for shareholder approval at the 31st annual general meeting.

The fundraising will likely be executed in one or more tranches within a year from the AGM date. The board will also review the audited standalone and consolidated financial results for the fiscal year ending March 31, 2025, during the same meeting. In addition, the board will consider declaring a final dividend on equity shares for FY2024-25, subject to shareholder nod. The meeting will take place at the company’s Gurgaon corporate office.

Financially, JK Cement saw a 33.2 per cent drop in Q3 net profit, reporting Rs 1.896 bn , down from Rs 2.838 bn year-on-year. Revenue dipped slightly to Rs 29.303 bn, while EBITDA fell by 21.2 per cent to Rs 4.922 bn, with margins shrinking to 16.8 per cent from 21.3 per cent in the previous year.

Despite the weaker quarterly performance, shares of JK Cement ended 1.62 per cent higher at Rs 4,960.25 on the BSE, reflecting investor confidence ahead of the board’s strategic financial deliberations.