Cemindia Projects Ltd

Rating action

• Instruments: Total Bank Loan Facilities Rated.
• Long-term rating AA/Stable and short-term A1+ assigned.
• Rating agency: Crisil Ratings Limited.
• Outlook: Long-term Stable; short-term rating carries no separate outlook.

QIP details

• Type: Equity shares issued via QIP (face value ₹1 each).
• Floor price fixed at ₹1,158.58 per share; discount up to 5% allowed.
• Issue opened on October 14, 2026.
• Board approval on July 23, 2026; special resolution on August 17, 2026.
• Management Committee approved and opened the issue on October 14, 2026.
• Issue price to be determined in consultation with BRLMs.
• Relevant Date for pricing is October 14, 2026.
• Preliminary placement document dated October 14, 2026 to be filed with BSE/NSE.
• U.S. registration not applicable; no public U.S. offering.

Cemindia Projects Ltd – Trading window closed from 1 October 2026; shall be opened 48 hours after the declaration of Unaudited Financial Results for the quarter and six months ending 30 September 2026.

Filing Status

• Execution Petition withdrawn before Delhi High Court with liberty to file afresh.
• Company will file a fresh execution petition in due course.
• Arbitration award of Rs 4.71 crores approximately plus interest.
• Order communicated to company on 23 September 2026.
• No material financial impact on the company.
• Parties involved: Baya Weaver Ltd and Saya Cementation Ltd.

Meeting Details

• Date: 21 September 2026.
• Organized by: Anand Rathi.
• Meeting type: One-on-one/Group.
• Venue: Mumbai.
• Mode: Physical.

Participants

• Key company participant: Company Secretary.

Purpose

• Purpose: Institutional investor interaction and updates.

Additional Notes

• Investor presentation uploaded on 20 August 2026; available on the company website.

KYC update and dividend withhold

• Reminder to update KYC details and complete dematerialisation of physical shares.
• Dividend for FY 2025-26 is withheld until KYC and bank details are updated.
• Update via ISR-1/ISR-2/ISR-3 and SH-13 forms to KFin Technologies.
• RTA is KFin Technologies Limited; submit documents and CML to claim dividends.
• Shareholders in dematerialised form must update with their DP; demat recommended.
• Contact: einward.ris@kfintech.com for KYC submission and dividend queries.

Rating action

• Long-term Term Loan upgraded to AA (Stable) from A+ (Stable).
• Long-term Working Capital upgraded to AA (Stable) from A+ (Stable).
• Non-fund-based LT/ST limits upgraded to AA (Stable)/A1+ from A+ / A1.

Instruments/Facilities Rated

• Long-term Term Loan: AA (Stable).
• Long-term Working Capital: AA (Stable).
• Non-fund-based limits (LT/ST): AA (Stable)/A1+.

Rating Agency

• ICRA Limited (ICRA).

Outlook

• Stable for upgraded ratings.

Material change since last rating

• Long-term ratings upgraded from A+ (Stable) to AA (Stable).
• Non-fund-based LT/ST limits upgraded from A+ / A1 to AA (Stable)/A1+.

Rationale

• Upgrade reflects improved credit risk assessment by ICRA.

Rating Action Details

• Long-term Term Loan: CARE AA-; Stable, upgraded from CARE A+; Stable.
• Long-term Cash Credit: CARE AA-; Stable, upgraded from CARE A+; Stable.
• Long-term Vendor Financing: CARE AA-; Stable, upgraded from CARE A+; Stable.
• Commercial Paper: CARE A1+; Upgraded from CARE A1.
• BG/LC (LT/ST): CARE AA-; Stable / CARE A1+; Upgraded from CARE A+; Stable / CARE A1.

Meeting Details

• Date: 1 September 2026; physical one-on-one/group investor meeting in Mumbai.
• Organized by Elara Capital.
• Meeting type: One-on-one/Group; Mode: Physical.
• Venue: Mumbai.
• Purpose: Schedule of institutional investor meet.
• Investor presentation uploaded 20 August 2026; available on stock exchanges and Cemindia website.