Shree Cement has announced plans to incorporate a wholly owned subsidiary in Mauritius, expanding its international footprint.
The Business Operations Committee of Shree Cement‘s Board of Directors approved the incorporation on 16th March 2026. The new entity, named Shree Cement (Mauritius) Limited, will focus on the installation and operation of cement blending, storage, and packaging facilities. It will also engage in the trading of cement, clinker, coal, and other materials. The initial authorised capital for the subsidiary is set at MUR 5,000,000, with Shree Cement holding 100% of the shares. The incorporation does not require any governmental or regulatory approvals, and the investment will be made entirely in cash.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).