Notice Of 45th Annual General Meeting Of The Company
Awaiting price reaction for this filing.
Bheema Cements Limited has called its 45th AGM on Monday, 27th April 2026 at 12:30 PM via video conferencing. The agenda includes adoption of audited financial statements for FY ending March 31, 2024 and re-appointment of Ms. Bhavani Lakshmi Kilaru as a director retiring by rotation. Two special resolutions seek re-appointment of Mr. Kandula Prasanna Sai Raghuveer as Managing Director and Mr. Kuchampudi Srinivasa Upendrasaketh Varma as Whole-time Director, both for five years effective 28th December 2024 with NIL remuneration. Another key item seeks shareholder approval for material related party transactions of up to INR 200 crore per annum with several group companies and up to INR 300 crore per annum as unsecured loans from promoter-directors at 0% interest. The RPTs are connected to payments to secured financial creditors as per an NCLT-approved resolution plan and the revival of the company's currently non-operational cement plant.
Shareholders will decide on large related party transactions linked to the company's NCLT-driven revival plan, indicating the plant is non-operational and promoter funding is critical. The five-year re-appointments of key directors at zero remuneration suggest the promoters are continuing to support the company during its recovery phase, but the scale of unsecured loans being sought underscores ongoing financial stress.