SHREE CEMENT LIMITED has informed the Exchange that in continuation to our intimation dated 17th March, 2026, the Company has incorporated a Wholly Owned Subsidiary, namely "Shree Cement (Mauritius) Limited"
SHREECEM · price
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Shree Cement Limited has incorporated a new Wholly Owned Subsidiary named 'Shree Cement (Mauritius) Limited' in Mauritius on 18th March 2026. Shree Cement will hold 100% of the shares in this entity. The subsidiary has been set up with an initial authorised capital of MUR 5,000,000 (Mauritian Rupees). The subsidiary will operate in the cement, ancillary products, and trading activities space. This is in continuation of an earlier intimation dated 17th March 2026. No turnover, cost of acquisition, or regulatory approvals apply since this is a fresh incorporation rather than a purchase of an existing business.
This is a routine corporate structuring move to set up a wholly owned foreign subsidiary, which may be used for overseas expansion, treasury, or holding activities. No immediate financial impact on shareholders, though it signals Shree Cement's interest in building an international footprint through a Mauritius-based entity.