Shree Cement has announced the incorporation of a wholly owned subsidiary named Shree Cement (Mauritius) Limited. This strategic move is part of the company’s ongoing expansion efforts and aims to enhance its presence in the international market.
The newly formed subsidiary has been established with an initial authorised capital of MUR 5,000,000. As a wholly owned subsidiary, Shree Cement Limited will hold 100% of the shares, ensuring complete control over the entity’s operations and strategic direction.
Shree Cement (Mauritius) Limited will operate within the cement industry, focusing on cement, ancillary products, and trading activities. The incorporation of this subsidiary marks a significant step for Shree Cement as it seeks to expand its footprint beyond the Indian market.
The company has confirmed that the incorporation of the subsidiary does not involve any related party transactions, and no governmental or regulatory approvals were required for this process. The entity was officially incorporated on 18th March, 2026, in Mauritius.
This development aligns with Shree Cement’s strategy to explore new markets and leverage opportunities in the global cement industry. By establishing a presence in Mauritius, the company aims to tap into the regional market and strengthen its position as a leading cement manufacturer.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).