J.K. Cement Limited has announced the approval of its unaudited financial results for the second quarter and half-year ended September 30, 2026. The Board also approved amendments to its Insider Trading Code. Additionally, a wholly-owned subsidiary, JK Maxx Paints Limited, will establish a new water-based paint manufacturing plant with a capacity of 75,000 KLPA, involving an estimated capital cost of INR 130 crore.
Financial Results Approved
J.K. Cement Limited’s Board of Directors met on October 24, 2026, to consider and approve the company’s unaudited financial results for the second quarter and half-year ended September 30, 2026. The approval covers both standalone and consolidated financial statements.
Insider Trading Code Amendments
In addition to financial results, the Board approved amendments to the 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and Reporting of Trading by Designated Persons and the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.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.
Statutory Auditor Appointment
The Board has recommended the appointment of Price Waterhouse Chartered Accountants LLP as the new Statutory Auditors of the Company. This appointment is for a term of five consecutive years, commencing from the conclusion of the 33rd Annual General Meeting (AGM) in 2027 until the conclusion of the 38th AGM in 2032, subject to shareholder approval.
Capacity Expansion by Subsidiary
The Board of Directors also took note of and approved a decision by its wholly-owned subsidiary, JK Maxx Paints Limited, to establish a new water-based paint manufacturing plant. This plant will be located at Raghunadhapalem, Suryapet District, Telangana, and will have a capacity of 75,000 KLPA. This expansion is part of an estimated capital investment of INR 130 crore, funded within the previously approved investment of INR 600 crore in the paints business. The new facility is expected to be commissioned in approximately 12 months from the start of construction, addressing the projected full utilization of the existing Bhiwadi facility by FY 2027-28.
Additional Disclosures
The company has also provided several enclosures as per regulatory requirements, including the Limited Review Report, certificates from Statutory Auditors on security cover, and disclosures as per SEBI master circulars. The financial results will be made available on the company’s website, www.jkcement.com.
Source: BSE
