JK Cement Limited has informed the Exchange regarding Outcome of Board Meeting held on March 27, 2026.
JKCEMENT · price
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JK Cement's Board, at its meeting on March 27, 2026, approved entering into an Asset Purchase Agreement to acquire 0.24 MnTPA (million tonnes per annum) cement grinding assets from Sri Chakra Cement Limited along with 34 acres of land in Vizianagaram, Andhra Pradesh. The land is owned by Envean Enterprises Private Limited, Sri Chakra Cement Limited, and K Sanjay Kumar. The total aggregate consideration is Rs. 28.79 crores. The cement grinding assets have been non-operational since April 2025. The transaction is subject to finalisation of definitive agreements and customary conditions precedent.
This is a small, bolt-on acquisition that adds incremental cement grinding capacity at a modest cost of Rs. 28.79 crores. Given the small size relative to JK Cement's overall scale, near-term impact on stock price is likely limited, but it strengthens the company's presence in the southern market.