JSWCEMENT

JSW Cement successfully commissioned an additional 1.00 MTPA cement grinding unit at Nagaur, Rajasthan, taking the company's total installed grinding capacity to 25.10 MTPA. - Total clinker manufacturing capacity stands at 9.74 MTPA. - The expansion enhances the company's ability to cater to demand across Rajasthan, Haryana, Punjab, and the NCR. - The company also commissioned the Alternate Fuel Handling System and Waste Heat Recovery system (WHRS) at the plant during the quarter ended September 30, 2026.

- JSW Cement has successfully commissioned an additional 1 MTPA grinding unit at Nagaur, Rajasthan. - The Nagaur plant's total cement grinding capacity has increased to 3.50 MTPA. - With this addition, the company's total overall cement grinding capacity has increased to 25.1 MTPA. - Total clinker manufacturing capacity stands at 9.74 MTPA.

JSW Cement Board approved a scheme of arrangement for the amalgamation of its subsidiary, Shiva Cement Limited, into JSW Cement to create a unified cement platform. - Swap Ratio: JSW Cement will issue 5 equity shares (face value ₹10) for every 41 equity shares (face value ₹2) held in Shiva Cement (excluding JSW Cement's holding). - Strategic Rationale: Business synergies, raw material procurement optimization via backward integration, financial synergies, and simplified corporate structure. - Completion Timeline: Expected within 12-14 months, subject to regulatory and statutory approvals including NCLT and SEBI.

- JSW Cement Limited approved the Scheme of Arrangement for the amalgamation of Shiva Cement Limited into JSW Cement Limited. - Share exchange ratio is set at 5 Equity Shares of JSW Cement (face value ₹10) for every 41 Equity Shares of Shiva Cement (face value ₹2). - Appointed date for the amalgamation is April 01, 2026, subject to regulatory and NCLT approvals. - The restructuring involves the reorganization of reserves and adjustment of accounts against the Securities Premium Account for both companies.

JSW Cement Limited approved the Scheme of Arrangement for the amalgamation of Shiva Cement Limited (SCL) into JSW Cement Limited with an appointed date of April 1, 2026. Share exchange ratio is set at 5 equity shares of JSW Cement (face value ₹10) for every 41 equity shares of Shiva Cement (face value ₹2). The merger provides strategic benefits including backward integration of clinker manufacturing, operational synergies, and a simplified corporate structure.

- JSW One Platforms Limited has filed a Draft Red Herring Prospectus (DRHP) on 24th September, 2026 for its Initial Public Offer (IPO). - The DRHP has been filed with SEBI, BSE, and NSE. - The IPO is subject to regulatory approvals, market conditions, and other considerations.

- JSW Cement Limited received a Show Cause Notice from the Additional Commissioner of Central Tax, Belagavi Audit Commissionerate on September 24, 2026. - The notice alleges short payment of GST amounting to ₹229.85 crore due to incorrect classification for the period between April 2022 and March 2024. - Applicable interest and a 10% penalty under Section 73 of the CGST Act, 2017 have also been proposed. - The company stated there is no material impact and is in the process of filing a formal reply.

- Intimation of Analyst / Institutional Investor Meetings - JSW Cement management will participate in the 2026 Jefferies India Forum on September 18, 2026, in Gurgaon. - Management will also participate in the PL Capital Mid & Small Cap Conference 2026 on September 29, 2026, in Mumbai.

- India Ratings and Research assigned 'IND AA-/Stable' rating to JSW Cement Limited's proposed non-convertible debentures (₹5,000 million). - Affirmed 'IND AA-/Stable/IND A1+' rating for existing bank loan facilities (₹32,490 million).

- JSW Cement Limited received a Show Cause Notice from the Joint Commissioner of State Tax, Jajpur on August 29, 2026, pursuant to a GST audit for FY 2022-23. - The notice alleges short payment of tax and irregular availment of input tax credit. - The total proposed demand, including tax, interest, and penalty, aggregates to ₹55,97,98,020/- (approx. ₹55.98 Crores). - The Company is in the process of filing a reply and intends to contest the allegations, stating there is no material financial impact.

- JSW Cement filed an Investor Presentation dated August 2026 on 28.08.2026. - The company has a current grinding capacity of 24.10 MTPA and clinker capacity of 9.74 MTPA. - JSW Cement is India's single largest manufacturer of GGBS, with 41% of total volume sold as GGBS in FY26. - It demonstrated strong CAGR (FY16-FY26) in Grinding Capacity (14.7%), Sales Volume (14.2%), and Operating EBITDA (15.6%). - The company aims to grow to ~43 MTPA and develop a pan-India presence, emphasizing its lowest CO2 emission intensity.

- JSW Cement Limited received a Show Cause Notice from the Joint Commissioner, Haldia CGST & CX Commissionerate on August 25, 2026. - The notice alleges wrong availment of excess ITC of ₹13.90 Cr during FY 2020-21, proposing recovery of this amount along with interest and penalty for alleged suppression of facts. - The company is in the process of filing a reply in the said matter.

- JSW Cement received a Show Cause Notice from the Additional Commissioner, Central Tax (Audit), Guntur, on August 20, 2026. - The notice demands GST aggregating to ₹81.03 Crores, along with applicable interest and penalty, for alleged contraventions during FY 2020-21 to FY 2022-23. - Allegations include irregular reduction of post-sale discounts, short payment of GST, failure to furnish supply proof for SEZ units, and wrong/excess Input Tax Credit availment. - The company is in the process of filing a reply and states there is no material impact on the company.