Shree Digvijay Cement Company Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2024

1. The standalone and consolidated financial results for the quarter ended and Nine months ended December 31, 2024 have been reviewed by the audit committee at it's meeting held on January 24, 2025 and approved by the board of directors at it's meeting held on January 24, 2025. The statutory auditors have expressed an unmodified conclusion on these financial results.

2. The company has one reportable segment, viz manufacture & sale of cement at standalone, while two reportable segments, viz manufacture & sale of cement and other business at group level in accordance with Ind AS 108 - "Operating Segments".\

3. The Company has entered into a Power Purchase Agreement with M/s CGE Shree Digvijay Cement Green Energy Private Limited (Power Producer) dated April 06, 2022 for purchase of Wind and Solar (Hybrid) power with schedule commencement date of January 06, 2023. The Project has partially commenced and power producer commenced the supply of power from June 20, 2023.

As per the Power Purchase Agreement, during the quarter the company has recognised income of Rs.192.58 Lakhs as compensation equivalent to the loss of benefits. (For Quarter ended September 30,2024 : Rs.386.29) (For Quarter ended December 31,2023 : Rs NIL)

4. For the nine months ended December 31, 2024, the Company has alloted 4,07,500 equity shares of Rs.10/- each to the option granted upon exercise of Option under the Company's Employees Stock Option Scheme - 2019. Pursuant to this allotment, the paid up equity share capital of the Company has increased from 14,74,06,778 equity shares of Rs. 10/- each to 14,78,14,278 equity shares of Rs. 10/- each.

5. For the quarter ended December 31, 2024 the company has incurred shutdown expenses of Rs.1,681.71 Lakhs (Quarter ended December 31, 2023 : Rs. NIL)

6. The unaudited consolidated financial results of the company include information of wholly owned subsidiary company SDCCL Logistics Limited for the quarter and Nine months ended December 31, 2024.

Krishna kumar Ramanujan
Place: Digvijaygram CEO & Managing Director
Date: January 24, 2025 DIN: 10412896