Shree Cement has announced the incorporation of a wholly owned subsidiary, Shree Cement (Mauritius) Limited, in Mauritius. The new entity has been established with an authorised capital of MUR 5,000,000.
The incorporation of Shree Cement (Mauritius) Limited marks a strategic move by Shree Cement to expand its presence internationally. The subsidiary will engage in cement, ancillary products, and trading activities. This development aligns with Shree Cement’s ongoing efforts to strengthen its global footprint.
According to the company, the new subsidiary is not part of any related party transaction, and there is no involvement of the promoter or promoter group in this incorporation. The company also clarified that this is not an acquisition but the establishment of a new entity.
The announcement further detailed that 100% of the shares of the newly formed subsidiary will be held by Shree Cement Limited, ensuring complete control over its operations. The entity was officially incorporated on 18th March 2026.
There are no governmental or regulatory approvals required for this incorporation, and the process has been completed without any cash consideration, share swap, or other forms of financial exchange.
This strategic move is expected to enhance Shree Cement’s operational capabilities and market reach in the cement industry, particularly in the Mauritius region, although specific turnover or financial projections for the new subsidiary have not been disclosed.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).