Director change at Shree Digvijay Cement following stake sale by True North Fund

Management Changes View source PDF Explain this filing

SHREDIGCEM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.2%Reaction day

₹90.24

prior close

₹90.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-1.5% vs market

Cement & Cement Products peers, median of 35sector+0.3%-0.5% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 0.5 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

+0.1

15m

-0.0

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2+1.3-1.5+0.3-0.5

Next day

+0.1+2.6-2.5+0.7-0.6

-0.1+2.7-2.8+1.5-1.6

-0.0+2.1-2.2+1.7-1.7

-0.2+1.6-1.9+1.9-2.2

+0.9+0.8+0.0+1.5-0.6

+0.8+2.2-1.4+1.9-1.1

15d

+1.1-1.6+2.7+0.8+0.3

-0.9-3.0+2.1+0.5-1.4

-21.3-1.6-19.7-2.3-19.0

-33.0-10.5-22.5-14.9-18.0

UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 35Pending

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

AI summary

India Resurgence Fund has completed the acquisition of 45.01 percent stake (about 6.67 crore shares) in Shree Digvijay Cement from True North Fund VI LLP. Following this ownership change, Mr Pramod Kabra, the outgoing True North nominee director, resigned. Mr Shitij Kale, an M&A and capital markets professional with prior stints at Adani Group and Citigroup India, has been appointed as the new nominee director of the incoming purchasers. All changes are effective December 18, 2025.

Likely market impact

Board now represents new PE owner India Resurgence Fund, signaling change of controlling shareholder and likely strategic shifts ahead.