Shree Cement has officially announced the incorporation of a new Wholly Owned Subsidiary (WOS) named Shree Cement (Mauritius) Limited in Mauritius. The subsidiary was set up on March 18, 2026, with an authorized share capital of MUR 5,000,000. This move is part of the company’s strategic expansion plans, though the specific business objectives of the Mauritian entity are not detailed in this initial filing.
New Overseas Subsidiary Established
Shree Cement Limited has formally informed the stock exchanges regarding the establishment of a new corporate entity. The company has incorporated a Wholly Owned Subsidiary (WOS), officially named Shree Cement (Mauritius) Limited. This incorporation took place on March 18, 2026, in the country of Mauritius.
Details of the New Entity
The filing confirms that 100% of the shares in the newly formed subsidiary will be held directly by Shree Cement Limited. The initial structure of the Mauritius-based entity includes an authorized share capital set at MUR 5,000,000. The subsidiary is intended to be involved in cement, other ancillary products, and trading activities, although no turnover data is yet available.
Regulatory Compliance and Scope
This disclosure is made pursuant to the requirements under Regulation 30 concerning corporate developments. As this announcement pertains strictly to the incorporation of a WOS, disclosures typically required for an acquisition, such as consideration, related party transactions, or integration impact, are deemed Not Applicable.
Source: BSE
