Shree Digvijay Cement Co.Ltd has informed the Exchange about General Updates
SHREDIGCEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shree Digvijay Cement has signed facility agreements with ICICI Bank and Axis Bank on 12th March 2026 to raise a total of INR 488 crores in term loans. Of this, INR 356 crores (INR 178 crore each from the two banks) will fund the INR 400 crore refundable Security Deposit under its Brand Usage, Supply and Distributorship Agreement (BDA) with Hi-Bond Cement (India) Private Limited, with the remaining INR 44 crores coming from the company's own cash flow. Another INR 132 crores (INR 66 crore each from the two banks) is being raised to refinance the new Cement Mill. The BDA, first announced in September 2025, received CCI approval in November 2025 and gives the company exclusive long-term distribution rights for Hi-Bond's cement products.
This is a positive operational update confirming that funding for the Hi-Bond distribution deal is now in place, removing a key execution risk. The INR 488 crore debt raise will meaningfully increase the company's leverage and add interest costs, but supports a strategic move to expand its cement distribution footprint. Short-term stock reaction may be neutral to mildly positive, with focus now shifting to execution and revenue contribution from the Hi-Bond arrangement.