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Shree Digvijay Cement Revamps Board After 45% Stake Sale to India Resurgence Funds

Story Highlights
  • India Resurgence Fund entities have acquired about 45% of Shree Digvijay Cement from True North, reshaping the company’s shareholding structure.
  • Following the stake sale, director Pramod Kabra resigned and nominee Shitij Kale joined the board, with governance structures remaining regulation-compliant.
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Shree Digvijay Cement Revamps Board After 45% Stake Sale to India Resurgence Funds

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The latest announcement is out from Shree Digvijay Cement Co. Ltd. ( (IN:SHREDIGCEM) ).

Shree Digvijay Cement Co. Ltd. has announced a significant change in its shareholding and board composition following the completion of a major equity transaction, under which India Resurgence Fund entities have acquired 6,67,25,311 equity shares, representing about 45.01% of the company’s share capital, from True North Fund VI LLP. Consequent to this change in control, non-executive, non-independent director Pramod Kabra has resigned from the board effective 18 December 2025, and the board has appointed Shitij Kale as an additional non-executive, non-independent director and nominee of the new investor group, subject to shareholder approval, while confirming that overall board and committee structures remain compliant with the Companies Act and listing regulations, signaling continuity in governance amid the ownership shift.

More about Shree Digvijay Cement Co. Ltd.

Shree Digvijay Cement Co. Ltd. operates in the cement industry, manufacturing and supplying cement products for construction and infrastructure markets in India. The company is publicly listed and subject to Indian securities and listing regulations, with its shares traded on major domestic stock exchanges.

Average Trading Volume: 15,101

Technical Sentiment Signal: Strong Buy

Current Market Cap: 13.32B INR

For a thorough assessment of SHREDIGCEM stock, go to TipRanks’ Stock Analysis page.

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