The stock price of JK Cement increased 2.24% to Rs 5,063.90 following the firm disclosing its strategy to raise Rs 5 billion (approximately $60 million) through issuing non-convertible debentures (NCDs) to private financiers. The company’s board is to discuss this strategy at a meeting on 24 May 2025. Should the strategy get the approval of the company’s board, it will require another nod of approval from the shareholders at JK Cement’s 31st annual general meeting (AGM).

As per the formal announcement released post-trading hours on 11 April 2025, the company can raise the funds in one or more tranches within the next 12 months following the AGM.

During the same board meeting, JK Cement will also:

Consider and approve its financial statements for the quarter and year ended 31 March 2025.

Determine if to approve a final dividend for FY2024–25 (this will also require shareholder approval).

JK Cement is a top cement manufacturer in India. It, however, experienced a 33.2% decline in profit during Q3 of FY25, earning Rs 1.90 billion from Rs 2.84 billion in the corresponding quarter last year. Its revenue also declined marginally by 0.2% to Rs 29.30 billion.

These coming choices are significant as the firm seeks to solidify its finances and position itself for future growth, particularly at a time when earnings are tough.