Shree Cements Ltd. — AGM Information 2024

Jul 13, 2024

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SCL/BWR/SE/2024-25/ 13[th] July, 2024

National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Bandra (East) 25[th] Floor, Dalal Street, MUMBAI – 400 051 MUMBAI – 400 001 SCRIP CODE: SHREECEM EQ SCRIP CODE 500387 Debt Segment NCD ISIN: INE070A07061 Debt Segment NCD ISIN: INE070A07061

Re:- Newspaper Advertisement for 45[th] Annual General Meeting and Information of remote e-voting

Dear Sirs,

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith copies of the advertisement published in English “Business Standard” and in Hindi in “Dainik Navajyoti” newspapers on 13[th] July, 2024 regarding the Notice of the 45[th] Annual General Meeting scheduled to be held on Tuesday, 6[th] August, 2024 at "Rangmanch Auditorium", Bangur Nagar, Beawar - 305 901 (Rajasthan) at 11:30 A.M. (IST).

This is for your information and record.

Thanking you,

Yours faithfully,

For SHREE CEMENT LIMITED

SHYAM Digitally signed by SHYAM SUNDER SUNDER KHANDELWAL KHANDELWAL Date: 2024.07.13 11:25:51 +05'30' ( S.S. KHANDELWAL ) COMPANY SECRETARY

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2 THE SMART INVESTOR NEW DELHI | SATURDAY, 13 JULY 2024
> .l
(FDs) over the medium term. investing,” says Kumar.
Low valuation and robust “Investors seeking a little However, investors in these
higher returns than pure debt schemes should focus primari-
YOUR funds while taking a little more ly on maintaining relatively low
risk may consider these funds,” volatility.
MONEY says Abhishek Bisen, head,
fixed income, Kotak Mahindra The downside
pipeline may fuel TCS rally Asset Management Company. While building a less risky debt-
“These funds offer a diver- oriented portfolio is a sound
SHIVAM TYAGI sification alternative to inves- strategy, it may not be attractive
New Delhi, 12 July tors wanting to increase the in a bull market to those seek-
UPWARD Conservative Hybrid return potential of their sav- ing high returns. “The conser-
he shares of Tata CLIMB (IN ~) ings, assuming they have a pre- vative nature limits the alloca-
Consultancy Services (TCS) Funds: Earn fixed dominantly fixed-income port- tion to equity, potentially
T zoomed over 6 per cent to 4,260 folio,” says Prashant Pimple, capping the upside during bull-
~4,182 a piece on the BSE on Friday. 6.7 4,184.9 chief investment officer, fixed ish market phases,” says Bisen.
This came after the IT services major chg (%) income, Baroda BNP Paribas Investors in these funds
reported an 8.7 per cent year-on-year 4,140 deposit-plus return Mutual Fund. should be prepared for some
(Y-o-Y) increase in its net profits to volatility. “Though the funds
~12,040 crore in the April-June SARBAJEET K SEN largecap stocks. Though most Good in falling rate scenario would, by design, have a lower
4,020
quarter of financial year 2024-25 allocate around 20-25 per cent Given their high exposure to return potential than equity
(Q1FY25). However, sequentially, the When the stock market is on a to stocks, some have reduced debt, a falling interest-rate sce- funds, they would be subject to
profit dipped by 3.1 per cent. 3,922.7 3,900 relentless bull run, many inves- the exposure to 10-12 per cent, nario can lead to higher higher volatility than fixed-
Revenues soared 5.4 per cent tors, especially conservative resulting in varied returns. returns. “These funds benefit income funds due to the equity
Jul 11,’24 Jul 12,’24
Y-o-Y and 2.2 per cent sequentially ones with low risk appetite, seek from falling interest rates exposure,” says Pimple.
to ~62,613 crore. The topline and the Compiled by BS Research Bureau Source: Bloomberg safety. One option for such Stable returns because bond prices tend to Bisen adds that the 25 per
bottomline marginally defeated investors is conservative hybrid These schemes can work for rise, leading to capital gains. If cent equity allocation can add
Bloomberg estimates which had esti- schemes. investors seeking returns above we expect rates to fall over the volatility in turbulent markets.
mated revenue to be at ~ 62,128 crore CAGR in cc revenues and EPS, the stocks with raised target prices They are open-ended those offered by fixed deposits next year, one can consider
and profit at ~11,959 crore. respectively over FY24-27. TCS offers of ~4,007 per piece and ~4,600 per schemes that invest between 10 For those in lower tax slabs
According to brokerages, the value relative to Nifty as its current share respectively. On the other and 25 per cent of their assets Since gains in these schemes
revenue growth was broad based, PE premium of 29 per cent is 1-std hand, JP Morgan maintained its in equities and the rest in HIGH SINGLE-DIGIT are taxed at the investor’s slab
with almost every vertical reporting below its 5-year average. PE pre- ‘Overweight’ rating on the company, bonds. This asset allocation RETURN OVER LONG TERM level, they may not appeal to
sequential growth. BFSI and retail mium of 39 per cent. We upgrade to raising its target price to ~4,600 per gives investors a small exposure those in higher income tax
recovered smartly while manufac- ‘Buy’ with revised target price of share with a ‘Positive’ outlook. to stocks in a predominantly Period Category average return (%) brackets.
turing, healthcare and energy con- ~4,615 based on 29x PE,” analysts at Despite the upward projections, bond portfolio, making them 1-year 13.3 “For individuals in lower tax
tinued their growth momentum. Jefferies wrote in a report. broad-based revenue growth, less volatile. brackets, conservative hybrid
Despite broad-based revenue Analysts at Nuvama Research healthy deal wins, and strong pipe- “The higher debt allocation 3-year 9.1 funds can be a compelling
growth, deal wins in the quarter also remained positive and reckoned line not all are convinced about the provides stability while the investment choice. They can
remained modest dragged by spill- that TCS management sounded TCS led revival of the sector. As some equity exposure can enhance 5-year 8.9 be a more tax-efficient alter-
over of few deals to next quarter, upbeat expecting recovery in the US- analysts say that management’s the overall return,” says Ravi native to fixed deposits and
analysts said. TCS signed $8.3 billion BFSI segment and bottoming out of refrain from commenting on growth Kumar T V, founder, Gaining 10-year [8.4] provide greater flexibility in
total contract value (TCV) during the the retail vertical. The management, sustainability, signals the near-term Ground Investment. managing investments,” says
quarter, slipping 18.6 per cent Y-o-Y however, held back from guiding for volatility in demand led by weakness These schemes typically Above one-year returns are compound annualised Source: Navigation RA Kumar.
and 37 per cent sequentially. In sustainability of the momentum due in discretionary spending and invest in high-quality bonds and One may invest lump sum
Q4FY24, TCS had signed TCVs to uncertain macro. unabated pressure of pauses in proj- government securities, while amounts in these schemes.
worth $13.2 billion. “We maintain that the earnings ects by clients amid macro uncer- some invest in long-duration “The ideal holding period
TCS continues to see a strong downgrade cycle for the sector is tainty. Considering the above fac- bonds, taking on interest-rate should be at least three years,
pipeline even as clients behind and reckon the strong deal tors, analysts at the domestic risk. In most cases, the equity given the equity exposure,”
continue to re-prioritise spends on wins of the last few quarters, shall brokerage firm Emkay, gave a portfolios are tilted in favour of says Pimple.
cost-takeout deals, they said. gradually convert into revenue in ‘Reduce’ rating on TCS, with target
According to those at Jefferies, coming quarters, even as US macro price of ~3,950 per share.
TCS saw acceleration across verticals becomes favourable. We see TCS as Those at Kotak Institutional
except communication and retail. a perfect large-cap proxy to play this Equities also hinted at uncertainty WHY FILE ITR? CLAIMING TAX BENEFITS FOR SENIOR CITIZENS
Things to know
Key positives from the results were upcycle, with its strong deal wins and said that the muted TCV and DEDUCTIONS
the return to growth of BFSI and and robust margin performance,” growth in key market segments indi- when filing ITR Under the I-T Act, n Higher exemption limit
Hitech vertical as well as North America region — which analysts see Vibhor Singhal, Nikhil Choudhary, and Yukti Khemani of Nuvama cate things are not rosy yet. Discretionary demand is improving as a pensioner pensions are classified as “Income from Under the old tax regime, pensioners can nn Standard deduction Rebate under Section 87A
as signs of improvement in the mar- wrote in a report. in the US banking segment, but over- If you’ve recently retired or are Salaries”. If your pension claim deductions n Medical insurance premium
gins. With manufacturing and life Global brokerages also mostly all demand has not improved. retiring soon, it is essential to exceeds the exemption under sections like n Deduction on medical expenses for
Sciences continuing to grow as well. raised their target prices for TCS and However, the brokerage said that understand how to file income- limit, you must file an 80C (investments in specified diseases
“We see the return to growth of largely gave a ‘Buy’ rating to the it is interesting to note that the val- tax return (ITR) as a pensioner. ITR. Pensioners PPF, NSC, etc), 80D n Interest income deduction
its key verticals and net hiring at a stock. Japanese brokerage firm uations of Tier one peers have con- The deadline to file your ITR for typically use ITR-1 (health insurance), and n Exemption from advance tax payment
seven-quarter high as emerging Nomura remained ‘Neutral’ on the verged towards TCS, despite the financial year 2023-24 without a (Sahaj) form for both 80TTB (interest n Capital gains tax exemption under reverse
signs of revival. We raise our revenue company, while raising the target more consistent growth and better late fee is July 31. online and offline filing. income from deposits). mortgage scheme
estimates but tweak our EPS slightly price to ~3,860 per share. Others such return on invested capital (RoIC)
Read full report here: mybs.in/2dXNgPH COMPILED BY SURBHI GLORIA SINGH
and expect 7 per cent and 10 per cent as CLSA, UBS maintained ‘Buy’ on profile of the latter.
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