J.K. Cement seeks approval for higher borrowing limit, new independent director

J.K. Cement Limited has issued a postal ballot notice seeking shareholder approval for three special resolutions, including an increase in borrowing limits and the appointment of a new non-executive independent director. The company proposes to raise its borrowing limit from 12,000 crore to 15,000 crore, along with authorizing the creation of security on company assets for these borrowings. The e-voting period for these resolutions will run from November 11 to December 10, 2025.

Shareholders will also vote on the appointment of Alok Dhir as a non-executive independent director for a five-year term, effective November 1, 2025. Dhir, a chartered accountant and lawyer with four decades of experience in corporate and financial restructuring, is proposed to receive sitting fees and commission in line with the company's policy. The results of the postal ballot are expected to be announced on or before December 12, 2025.