SHREE CEMENT LIMITED has informed the Exchange about change in Management

Promoter Family Board EntryManagement Changes View source PDF Explain this filing

SHREECEM · price

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

+2.0%Reaction day

₹25140.00

prior close

₹25450.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.0%+2.0% vs market

Cement & Cement Products peers, median of 35sector+0.3%+1.7% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty 100 and 1.7 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.7

10m

+0.7

15m

+1.9

30m

+1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.0+0.0+2.0+0.3+1.7

Next day

+0.6-0.6+1.1+0.9-0.4

+0.1-2.1+2.1-1.0+1.1

-1.0-4.0+3.0-3.1+2.0

-0.6-3.7+3.1-2.3+1.6

-0.6-2.6+2.0-2.0+1.4

-3.2-3.1-0.2-5.0+1.8

15d

+0.3-2.8+3.1-4.3+4.5

-6.5-4.7-1.8-8.4+1.9

+5.6+0.4+5.2-5.2+10.9

+3.8+1.6+2.2-4.7+8.5

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

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shree Cement announced two senior management changes effective mid-2026. Mr. Sanjay Mehta, President - Procurement & Corporate Affairs (Senior Management), will retire on 31st August 2026 due to superannuation. He will be succeeded by Mr. Gaurav Jain as Head – Corporate Affairs from 20th June 2026. The appointment requires shareholder approval because Mr. Jain is a relative of the Chairman and Vice Chairman (Promoter family). Mr. Jain brings over two decades of experience from Jaypee Group, ICICI Group, and Accenture, and holds an MBA from ISB Hyderabad.

Likely market impact

This represents routine succession planning at senior management level. The appointment of a promoter family member to a key role may attract shareholder scrutiny and is appropriately subject to shareholder approval under listing regulations.