JK Cement to Mull Rs 5 Billion Fundraise via NCDs
Cement

JK Cement to Mull Rs 5 Billion Fundraise via NCDs

JK Cement shares rose 2.24% to Rs 5,063.90 after the company announced its board will consider raising up to Rs 5 billion (approx. $60 million) via private placement of non-convertible debentures (NCDs).

The fundraising proposal will be taken up at the board meeting scheduled for 24 May 2025, and will be subject to shareholder approval at the company's 31st annual general meeting (AGM).

The official announcement was made after market hours on 11 April 2025.

The proposed Rs 5 billion issuance of NCDs could be executed in one or more tranches over a 12-month period from the date of the AGM, the company said in a regulatory filing.

At the same board meeting, JK Cement will also review and approve its audited standalone and consolidated financial results for the quarter and year ended 31 March 2025, which are to be submitted to stock exchanges.

In addition, the board is expected to consider recommending a final dividend on equity shares for FY 2024-25, subject to shareholder approval.

JK Cement, a key player in the cement manufacturing sector, reported a 33.2% drop in consolidated net profit to Rs 1.90 billion in Q3 FY25, compared to Rs 2.84 billion in Q3 FY24. Revenue from operations also dipped slightly by 0.2% to Rs 29.30 billion during the same period.

The upcoming board decisions are seen as critical steps toward financial consolidation and future growth amid a challenging earnings environment.

JK Cement shares rose 2.24% to Rs 5,063.90 after the company announced its board will consider raising up to Rs 5 billion (approx. $60 million) via private placement of non-convertible debentures (NCDs). The fundraising proposal will be taken up at the board meeting scheduled for 24 May 2025, and will be subject to shareholder approval at the company's 31st annual general meeting (AGM). The official announcement was made after market hours on 11 April 2025. The proposed Rs 5 billion issuance of NCDs could be executed in one or more tranches over a 12-month period from the date of the AGM, the company said in a regulatory filing. At the same board meeting, JK Cement will also review and approve its audited standalone and consolidated financial results for the quarter and year ended 31 March 2025, which are to be submitted to stock exchanges. In addition, the board is expected to consider recommending a final dividend on equity shares for FY 2024-25, subject to shareholder approval. JK Cement, a key player in the cement manufacturing sector, reported a 33.2% drop in consolidated net profit to Rs 1.90 billion in Q3 FY25, compared to Rs 2.84 billion in Q3 FY24. Revenue from operations also dipped slightly by 0.2% to Rs 29.30 billion during the same period. The upcoming board decisions are seen as critical steps toward financial consolidation and future growth amid a challenging earnings environment.

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?