Shree Digvijay Cement Co.Ltd has informed the Exchange regarding Notice of Postal Ballot
SHREDIGCEM · price
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Awaiting price reaction for this filing.
Shree Digvijay Cement has issued a Postal Ballot notice seeking shareholder approval to appoint Mr. Shitij Ramesh Kale (DIN: 08593079) as a Non-Executive and Non-Independent Director, effective 18th December 2025. Mr. Kale is the nominee of India Resurgence Fund (IRF) entities, which became the new promoter of the company on 18th December 2025 after acquiring the stake from True North Fund VI LLP via a Share Purchase Agreement dated 4th September 2025. Mr. Kale (46) is a CFA charterholder and MBA (Finance) with over 20 years of investment experience, formerly heading M&A at Adani Group and Infrastructure/Energy Investment Banking at Citigroup India. Voting is through electronic means from 13th February 2026 to 14th March 2026, with results expected by 16th March 2026.
This is a routine regularization of a director appointment following the recent change in controlling shareholder to India Resurgence Fund. The appointment formalizes the new promoter's board representation and is unlikely to materially affect the stock price, though it confirms the completion of the True North exit and IRF's strategic involvement in the company.