Shree Digvijay Cement announces director changes following share acquisition

Shree Digvijay Cement Company Limited announced board changes on December 18, 2025. This follows the acquisition of 66,725,311 equity shares, representing 45.01% of the company's share capital, by the "Purchasers" (True North Fund VI LLP, India Resurgence Fund Scheme 1, India Resurgence Fund 2 - Scheme 2, and India Resurgence Fund 2 - Scheme 4). This acquisition means True North Fund VI LLP is no longer a majority shareholder.

Consequently, Pramod Kabra resigned as a non-executive - non-independent director, effective from the close of business hours on December 18, 2025. The board also approved the appointment of Shitij Kale as an additional director (non-executive - non-independent director) with immediate effect, subject to shareholder approval. Mr. Kale, a nominee director of the Purchasers, brings over two decades of experience in investments, including leadership roles in M&A and investment banking.

The board changes ensure the company's compliance with the Companies Act, 2013, and Listing Regulations, with committees also being reconstituted to reflect these alterations.