Notice Of 46th Annual General Meeting Of The Company
Awaiting price reaction for this filing.
Bheema Cements has called its 46th AGM for Monday, 27th April 2026 at 2:30 PM, to be held via video conferencing. The agenda includes adopting the FY25 audited financial statements and re-appointing Mr. Raja Kishore Tadimalla (holding 30 lakh equity shares) as a director liable to retire by rotation. The key special business item is seeking shareholder approval for material related party transactions for FY26, with proposed limits of up to INR 200 crore per annum for business/services transactions with related companies (Fortuna Engi Tech, Fortuna Cements, Bheema Infratech, VNR Infrastructures) and up to INR 300 crore per annum in interest-free unsecured loans from promoter directors. The loans from promoters carry a 0% interest rate but include a right to convert them into equity shares, and are intended for repaying secured creditors as per the NCLT-approved resolution and reviving the company's currently non-operational cement plant.
For shareholders, this is an important AGM because it asks them to approve large related party transactions (totalling up to INR 500 crore+ across related parties) and a potential equity dilution pathway if promoter loans get converted to shares. The plant revival angle and NCLT-linked repayments suggest the company is still in recovery mode, so the outcome of these approvals will directly affect financial restructuring and any future shareholding changes.