Postal Ballot to re-appoint Hari Mohan Bangur as Chairman for 5 years

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SHREECEM · price

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Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹26680.00

prior close

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announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-1.5%-0.1% vs market

Cement & Cement Products peers, median of 35sector-1.5%-0.1% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty 100 and 0.1 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty 100Sector · Cement & Cement Products peers, median of 35Pending

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AI summary

Shree Cement is seeking shareholder approval by postal ballot to re-appoint Mr. Hari Mohan Bangur (age 73) as Whole Time Director designated Chairman for 5 years from 1 April 2026. He has been on the board since 1992 and is father of Vice Chairman Prashant Bangur. Proposed monthly pay starts around Rs 4.23 crore per month, rising to about Rs 4.63 crore per month by FY29. Last drawn pay in FY25 was Rs 63.43 crore. E-voting runs 19 Feb to 20 Mar 2026.

Likely market impact

Re-appointment ensures leadership continuity at the promoter-led cement major. High remuneration may draw shareholder attention during the vote.