JK Cement Eyes Rs 5 billion Raise

15 Apr 2025 CW Team

JK Cement Ltd, a leading player in India’s cement sector, has announced that its board will consider raising Rs 5 bn through non-convertible debentures (NCDs) via private placement during its scheduled board meeting on May 24, 2025. If approved, this fundraising proposal will be presented for shareholder approval at the 31st annual general meeting.

The fundraising will likely be executed in one or more tranches within a year from the AGM date. The board will also review the audited standalone and consolidated financial results for the fiscal year ending March 31, 2025, during the same meeting. In addition, the board will consider declaring a final dividend on equity shares for FY2024-25, subject to shareholder nod. The meeting will take place at the company’s Gurgaon corporate office.

Financially, JK Cement saw a 33.2 per cent drop in Q3 net profit, reporting Rs 1.896 bn , down from Rs 2.838 bn year-on-year. Revenue dipped slightly to Rs 29.303 bn, while EBITDA fell by 21.2 per cent to Rs 4.922 bn, with margins shrinking to 16.8 per cent from 21.3 per cent in the previous year.

Despite the weaker quarterly performance, shares of JK Cement ended 1.62 per cent higher at Rs 4,960.25 on the BSE, reflecting investor confidence ahead of the board’s strategic financial deliberations.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..