J.K. Cement Limited has announced the outcome of its Board Meeting held on October 24, 2026. The Board approved the unaudited financial results (standalone and consolidated) for the second quarter and half year ended September 30, 2026. Additionally, the company announced the appointment of Price Waterhouse Chartered Accountants LLP as its new Statutory Auditors for a term of five years, succeeding M/s. S. R. Batliboi & Co. LLP.
Financial Results Approved
At a Board Meeting convened on October 24, 2026, J.K. Cement Limited’s Board of Directors has officially approved the unaudited financial results for both the standalone and consolidated operations. These results cover the second quarter and the first half of the fiscal year ending September 30, 2026.
New Statutory Auditors Appointed
Following a recommendation from the Audit Committee, the Board has also proposed the appointment of Price Waterhouse Chartered Accountants LLP as the company’s new Statutory Auditors. This appointment is slated to commence from the conclusion of the 33rd Annual General Meeting (AGM) in 2027 and will extend for a term of five consecutive years, concluding with the 38th AGM in 2032. This change comes as the current auditors, M/s. S. R. Batliboi & Co. LLP, complete their second term and are ineligible for re-appointment under Section 139(2) of the Companies Act, 2013.
Insider Trading Code Amendments
Furthermore, the Board has approved amendments to the company’s Code of Conduct for Regulating, Monitoring and Reporting of Trading by Designated Persons and the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. These amendments are effective immediately.
Capacity Expansion Planned
In a separate strategic move, the Board noted and approved the decision of its wholly-owned subsidiary, JK Maxx Paints Limited, to establish a new water-based paint manufacturing plant in Telangana. The plant will have a capacity of 75,000 KLPA and represents an estimated capital investment of INR 130 Crore, to be funded within the previously approved INR 600 Crore investment for the paints business. This expansion is expected to be commissioned within 12 months of construction commencement.
Board Meeting Details
The Board of Directors meeting commenced at 1:05 PM IST and concluded at 2:08 PM IST on October 24, 2026.
Source: BSE
