Shree Cements Ltd. — Capital/Financing Update 2023

Nov 7, 2023

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SCL/BWR/SE/2023-24 7[th] November, 2023

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:- Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015

Dear Sirs,

Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we would like to inform that the Board of Directors of the Company has today i.e. 7[th] November, 2023 approved the proposal for setting up of a Clinker Grinding Unit at Village Khapradih, District Baloda Bazar, Raipur in Chhattisgarh. The details of the project in terms of SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is as under:

2023 is as under:
Existing cement capacity	46.90 MTPA
Capacity utilization	70% (FY 2022-23)
Proposed capacity addition	3.40 Million Ton Per Annum
Period within which the proposed capacity is to be added	Quarter ending September, 2025
Investment required	Rs. 550 Crores (Approx.)
Mode of financing	Internal Accruals and Debt.
Rationale	Business Expansion

Note: Timeline, Investments required and Mode of financing Indicated above are based on management’s estimate and are subject to change.

Kindly take the same on record.

Thanking you,

Yours faithfully, For SHREE CEMENT LIMITED

SHYAM SUNDER Digitally signed by SHYAM SUNDER KHANDELWAL KHANDELWAL Date: 2023.11.07 16:34:12 +05'30'

( S.S. KHANDELWAL ) COMPANY SECRETARY

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