Shree Cement Limited has announced the approval for the incorporation of a new Wholly Owned Subsidiary (WOS) company located in Mauritius. This decision was sanctioned by the Business Operations Committee on March 16, 2026. The proposed entity, Shree Cement (Mauritius) Limited, will be fully owned by the listed company and is intended to engage in cement-related activities, including installation, operation, trading, and blending facilities.
Strategic Expansion into Mauritius Approved
Shree Cement Limited confirmed via a filing on March 17, 2026, that its Business Operations Committee has given the go-ahead for establishing a new subsidiary. This entity will be incorporated in Mauritius and will operate as a Wholly Owned Subsidiary of Shree Cement Limited.
Details of the Proposed Subsidiary
The proposed company will be named Shree Cement (Mauritius) Limited. While the date of incorporation is yet to be determined (To be incorporated), the planned capital structure involves an Initial Authorized Capital of MUR 5,000,000.
The listed entity will maintain 100% shareholding and control over the new subsidiary. Consideration for the initial paid-up share capital will be made through a 100% subscription in cash.
Business Activities
The primary business focus of the new Mauritian subsidiary will encompass the installation and operation of Cement, Blending, Storage and Packaging facilities. Additionally, the company will be involved in the Trading of Cement, Clinker, Coal and other related materials, aligning with the core operations of the parent company.
Source: BSE
