HEIDELBERGNSEHeidelbergCement India Limited· Cement And Cement ProductsMediumNeutral
Announced Mon, 25 May · 14:01 IST

HeidelbergCement India Limited has informed the Exchange about change in Management

Management Changes View source PDF

HEIDELBERG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+1.0%1-day move
₹159.25
prior close
₹162.75
base price
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AI summary

HeidelbergCement India reported audited FY26 results with revenue of Rs 23,296 million (+8.4% YoY) and net profit of Rs 1,340 million (+25.5% YoY). The board recommended a dividend of Rs 7 per share (70%), payable after shareholder approval at the AGM on 24 September 2026. On the management side, the board extended the tenure of Mr. Molugu Purnachander as Director – Procurement (Senior Management Personnel) for two years from 02 July 2026. Additionally, Mr. Gulshan Bajaj was appointed as Head – Internal Audit and Senior Management Personnel effective 01 August 2026, succeeding Mr. Sumeet Bisarya who retired from the company on 31 July 2026. Q4 FY26 saw revenue grow 5.5% driven by 7.8% higher sales volumes, though EBITDA per tonne declined 10% due to pricing pressures. The company also became the preferred bidder for two limestone mining blocks in Madhya Pradesh.

Likely market impact

Strong full-year profit growth and the dividend recommendation are positive for shareholders. The management changes are routine (internal appointment and tenure extension) and do not indicate any governance concerns. The focus remains on cost optimization and new mining block development.