+
JK Cement to fundraise Rs 500 cr via NCDs on private placement
Cement

JK Cement to fundraise Rs 500 cr via NCDs on private placement

JK Cement Limited plans to fundraise around Rs 500 crore through non-convertible debentures (NCDs) based on private placement in one or more tranches.

The board has recommended the proposal for approval of shareholders in the next annual general meeting (AGM) of the company.

The company said that the fundraising would have an interest rate determined by the prevailing money market conditions during the time of borrowing.

The board has forwarded the request from some individuals or companies belonging to persons concerned with Promoters Group seeking reclassification of their stakes in JK Cement to the Public Category.

During the March-end quarter of 2022, JK Cement, the promoter and promoter group, held a 45.82% stake in the company.

The company had reported a 6.93% decline in its consolidated net profit at Rs 199.44 crore for the fourth quarter.

The company had reported a net profit of Rs 214.31 crore during the same period last year.

Its revenue from operations was Rs 2,351.16 crore during the quarter under review, against Rs 2,134.14 crore, during the same period last year.

The fiscal year ended on 31 March 2022, and revenue from operations was Rs 7,990.81 crore, against Rs 6,606.10 crore last year.

The company's board has recommended a dividend of 150%, which is Rs 15 per equity share of Rs 10 per share for 2021-22.

Image Source

Also read: JK Cement set to enter paints business

JK Cement Limited plans to fundraise around Rs 500 crore through non-convertible debentures (NCDs) based on private placement in one or more tranches. The board has recommended the proposal for approval of shareholders in the next annual general meeting (AGM) of the company. The company said that the fundraising would have an interest rate determined by the prevailing money market conditions during the time of borrowing. The board has forwarded the request from some individuals or companies belonging to persons concerned with Promoters Group seeking reclassification of their stakes in JK Cement to the Public Category. During the March-end quarter of 2022, JK Cement, the promoter and promoter group, held a 45.82% stake in the company. The company had reported a 6.93% decline in its consolidated net profit at Rs 199.44 crore for the fourth quarter. The company had reported a net profit of Rs 214.31 crore during the same period last year. Its revenue from operations was Rs 2,351.16 crore during the quarter under review, against Rs 2,134.14 crore, during the same period last year. The fiscal year ended on 31 March 2022, and revenue from operations was Rs 7,990.81 crore, against Rs 6,606.10 crore last year. The company's board has recommended a dividend of 150%, which is Rs 15 per equity share of Rs 10 per share for 2021-22. Image Source Also read: JK Cement set to enter paints business

Next Story
Real Estate

We aim to grow strategically across the redevelopment and mid-premium segments

With over 10 million sq ft delivered and more than 10,000 families served, Ramky Estates has emerged as a trusted name in responsible urban development. In this conversation with CW, Nanda Kishore, Managing Director, Ramky Estates, shares insights on the company’s growth philosophy, foray into the Mumbai market, commitment to sustainability, and vision for future-ready communities that blend smart living with long-term value creation.Over 10 million sq ft delivered is no small feat – what has been the driving ethos behind Ramky Estates’ journey so far?Real estate is not just a secto..

Next Story
Real Estate

We aim to triple our India business by 2030

Step into a TOTO bathroom and you don’t just see design – you feel it. From the soft, warm seat to the gentle rhythm of cleansing water and silent air drying, every interaction is engineered for delight. TOTO doesn’t sell products; it crafts rituals. With Japan’s legacy of innovation and India’s appetite for refined living, the brand is not just redefining luxury – it’s awakening the senses, one ‘Washlet’ at a time.In an exclusive conversation with FALGUNI PADODE, Group Managing Editor, CW, Shiozawa Kazuyuki, Managing Director, and Kokubu Yohei, Sales Unit Head, TOTO Ind..

Next Story
Real Estate

Not Just Glass Boxes!

India is moving away from the ‘glass box’ syndrome, all-glass façades that were widely used in commercial buildings in the last two decades but came at a significant environmental cost given the country’s predominantly hot and humid climate. Poor thermal performance, excessive heat gain and dependency on mechanical cooling systems made buildings with glass façades energy guzzlers and significantly increased their carbon footprint.That said, it’s important to be aware that “glass is not the enemy,” points out Heena Bhargava, Architect, Architecture Discipline. “How it is used ma..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?