JK Cement Approves ₹4,805 Crore Greenfield Expansion, Announces Key Leadership Changes
K N Mishra
15/Aug/2025
What's Covered Under the Article:
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JK Cement’s Board approves ₹4,805 crore investment for a new 7 MnTPA cement line, clinker unit in Jaisalmer and split grinding units in Rajasthan and Punjab.
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Company Secretary Shambhu Singh to superannuate on October 31, 2025, and Bhumika Sood appointed as new Company Secretary and Compliance Officer from November 1, 2025.
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Senior management changes include appointment of Raghav Moreshwar Tare as Group Financial Controller and reassignment of Neeraj Singhal to Head – Internal Audit & Risk Compliance.
JK Cement Ltd. has announced a major capacity expansion and significant changes in its senior management following its fifth Board meeting of the financial year 2025–26, held on 15th August 2025. In a regulatory filing with the BSE and NSE, the company confirmed that its Board has approved a Greenfield expansion plan to establish a new 7 Million Tonnes Per Annum (MnTPA) cement line at Jaisalmer, Rajasthan. The project includes a 4 MnTPA clinkerisation unit and a 3 MnTPA cement grinding facility, along with two split grinding units of 2 MnTPA each—one in Rajasthan and another in Punjab.
The total proposed investment for this ambitious expansion stands at ₹4,805 Crores, reaffirming the company’s long-term growth strategy and its intention to strengthen its presence in North India.
Alongside this capital expansion, the Board has also approved key leadership transitions.
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Long-time Company Secretary and Compliance Officer Mr. Shambhu Singh (FCS 5836), who has served the organization for over 17 years, will superannuate at the close of business hours on 31st October 2025.
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On the recommendation of the Nomination and Remuneration Committee, Ms. Bhumika Sood (ACS 19326)—currently serving as Deputy Company Secretary—has been appointed as the new Company Secretary and Compliance Officer with effect from 1st November 2025. She will also be designated as Key Managerial Personnel (KMP) and form part of JK Cement’s Senior Management.
In addition, the Board noted two changes in the senior management structure:
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Mr. Raghav Moreshwar Tare has been formally designated as a part of Senior Management effective 1st August 2025 and will hold the role of Group Financial Controller.
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Mr. Neeraj Singhal, who previously held the role of Group Financial Controller, has taken charge as Head – Internal Audit & Risk Compliance effective 1st August 2025. Since this is an independent function, he has been removed from the company’s Senior Management category in accordance with the SEBI Listing Regulations.
The Board Meeting concluded at 1:00 p.m. and the company has also uploaded the outcome on its official website www.jkcement.com. JK Cement stated that the expansion and organisational changes are aligned with its long-term vision of creating operational efficiency, strengthening leadership depth and improving governance.
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