Udaipur Cement Works (Delisted) CEO, MD, chairman, board of directors and AGM

BSE: 530131Cement & Cement Products

Last traded ₹36.23 on 22 Aug 2025

Delisted on 30 Mar 2026.

Udaipur Cement Works board of directors

At the end of the quarter to Jun 2025, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonVinita SinghaniaRelated to the promoter
  • Chief executiveShrivats Singhania
  • Company Secretary and Compliance OfficerPoonam Singh

8 directors4 independent2 executive2 non-executive

  • Vinita Singhania · ChairpersonNon-executive · joined Jun 2018 · reappointed Aug 2024 · 5 listed boards · 2 committee seats
  • Vinit MarwahaIndependent · joined May 2018 · reappointed May 2023 · 85 months as independent · 1 listed board · 1 as independent · 4 committee seats, 2 as chair
  • Shrivats Singhania · Chief executiveExecutive · joined Jun 2018 · reappointed Apr 2025 · 1 listed board
  • Surendra MalhotraIndependent · joined Jun 2018 · reappointed Jun 2023 · 84 months as independent · 1 listed board · 1 as independent · 3 committee seats, 1 as chair
  • Naveen Kumar SharmaExecutive · joined Jun 2018 · reappointed Oct 2024 · 1 listed board · 1 committee seat
  • Bhaswati MukherjeeIndependent · joined Jan 2020 · reappointed Jan 2023 · 65 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 1 as chair
  • Sadhu Ram BansalIndependent · joined Jul 2024 · reappointed Jul 2024 · 12 months as independent · 5 listed boards · 5 as independent · 7 committee seats, 3 as chair
  • Sudhir A BidkarNon-executive · joined Jul 2024 · reappointed Jul 2024 · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 22 May 20258 of 8 present4 independent · 113 days in between
    • 28 Jan 20258 of 8 present4 independent

  • Audit Committee

    Chair Vinit Marwaha

    Surendra Malhotra, Naveen Kumar Sharma, Sadhu Ram Bansal

    • 22 May 20254 of 4 present3 independent · 113 days in between
    • 28 Jan 20254 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Surendra Malhotra

    Vinit Marwaha, Vinita Singhania

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Vinit Marwaha

    Vinita Singhania, Surendra Malhotra, Sudhir A Bidkar

    • 22 May 20254 of 4 present2 independent

  • Risk Management Committee

    Chair Vinit Marwaha

    Shrivats Singhania, Vinita Singhania, Naveen Kumar Sharma, Pranav Chitre

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Vinita Singhania

    Naveen Kumar Sharma, Bhaswati Mukherjee, Shrivats Singhania

    • 22 May 20254 of 4 present1 independent · 113 days in between
    • 28 Jan 20254 of 4 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2025.

  • S S Kothari Mehta & Co. LLPPeer-review certificate valid to Aug 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Udaipur Cement Works AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Udaipur Cement Works share news and announcements

Meeting called by the tribunal, 28 Mar 2025

1,12,758 shareholders on the register on 21 Mar 2025; present: 3 promoters and 39 others; votes counted by Prashant Agrawal / Prashant Agrawal.The company's voting result (opens in a new tab)

  1. To consider and approve the Scheme of Amalgamation and Arrangement between JK Lakshmi Cement Limited (Amalgamated Company/ Applicant Company 1), Udaipur Cement Works Limited (Applicant Company 2 / Amalgamating Company 1), Hansdeep Industries and Trading Company Limited (Applicant Company 3 /Amalgamating Company 2), Hidrive Developers and Industries Limited (Applicant Company 4/Amalgamating Company 3) and their respective shareholders and creditors pursuant to the provisions of sections 230-232 of the Companies Act, 2013 and the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016.MoreLess
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.55%

    Turnout: all 81.73% · promoters 100.00% · institutions 1.76% · other public 27.21%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 16 Aug 2024, 8 resolutions

Present: 3 promoters and 78 others.The company's voting result (opens in a new tab)

  1. Consideration and Adoption of the audited Financial Statements of the Company for the Financial Year ended 31st March 2024 and the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.65%

    Turnout: all 80.05% · promoters 100.00% · institutions 2.42% · other public 20.29%

  2. Re-appoitment of Smt. Vinita Singhania (DIN: 00042983) who retires by rotation and being eligible, offered herself for re-appointment.
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.92%

    Turnout: all 79.25% · promoters 100.00% · institutions 2.42% · other public 17.07%

  3. Appointment of M/s. S. S. Kothari Mehta & Co. LLP, Chartered Accountants, New Delhi (Firm Registration No. 000756N), as an Auditor of the Company to hold the office for a term of Five consecutive years.MoreLess
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.62%

    Turnout: all 80.05% · promoters 100.00% · institutions 2.42% · other public 20.29%

  4. Ratification of remuneration of M/s. HMVN & Associates, the Cost Accountants, to conduct the audit of the Cost records of the Company for the Financial Year 2024-25.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.94%

    Turnout: all 80.07% · promoters 100.00% · institutions 2.42% · other public 20.35%

  5. Re-appointment of Mr. Shrivats Singhania (DIN: 02359242), as the Director & CEO of the Company for a period of Five years w.e.f. 1st April, 2025 and revise the remuneration of such Director & CEO.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.70%

    Turnout: all 80.05% · promoters 100.00% · institutions 2.42% · other public 20.29%

  6. Re-appointment of Mr. Naveen Kumar Sharma (DIN No: 08152305) as Whole-time Director of the Company for a period of three years w.e.f. 1st October, 2024.
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.94%

    Turnout: all 79.25% · promoters 100.00% · institutions 2.42% · other public 17.07%

  7. Appointment of Mr. Sadhu Ram Bansal n(DIN No :06471984), the Additional Director of the Company and proposing his appointment as an independent Director of the Company for a term of three consecutive years with effect from 1st July, 2024 not liable to be retire by rotation.MoreLess
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.77%

    Turnout: all 80.05% · promoters 100.00% · institutions 2.42% · other public 20.29%

  8. Appointment of Mr. Sudhir A. Bidkar n(DIN No : 00113646), the Additional Director of the Company and proposing his appointment as Non-executive Non-Independent Director of the company, liable to retire by rotation, with effect from 1st July, 2024.MoreLess
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.65%

    Turnout: all 80.05% · promoters 100.00% · institutions 2.42% · other public 20.29%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 19 Aug 2021, 1 fund house

  • 1) Adoption of Audited Financial Statements for the year ended 31st March, 2021 and the Reports of the Directors and Auditors thereon.
    1 for0 against
  • 2) Re-appoint Ms. Vinita Singhania as a Director.
    1 for0 against
  • 3) Approve remuneration of Rs.0.1 mn for M/s. HMVN & Associates as Cost Auditors for FY22.
    1 for0 against
  • 4) Re-appoint Mr. Naveen Kumar Sharma as Whole-time Director for three years from 1st October, 2021 and fix his remuneration as minimum remuneration.
    1 for0 against
  • 5) Adoption of new set of Articles of Association.
    1 for0 against
  • 6)Approve related party transactions with JK Lakshmi Cement Limited (JKLC), the parent, specific to transactions for Udaipur Cement Works Limited's expansion project for four Financial Years commencing from 1st April, 2021.MoreLess
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Jun 2025.

  • Tax disputeIncome Tax DepartmentSince 14 Aug 2023
    The matter is pending under appeal for complete closure of the litigation.
    At the filing before: The Income Tax Department has issued Notices disallowing certain deductions legitimately claimed by the Company in past several years aggregating to Rs. 105.25 Crores. The Company has filed an Appeal against this Disallowance & the matter is pending for Final Verdict. The Tax impact on such Disallowances is Rs. 26.48 Crores.MoreLess
  • Tax disputeState Government of RajasthanSince 14 Aug 2023
    The Company has availed the benefit of Rajasthan Amnesty Scheme 2024 to close the matter with no material impact on the financial position of the Company.
    At the filing before: The State Government of Rajasthan has imposed Land Tax on Mineral bearing Land for the period 2006-07 to 2013-14 & again for the period 2019-20 to 2022-23 aggregating to Rs. 20.30 Crores. The Company had filed Two Writ Petitions before the Honorable High Court of Rajasthan, Jodhpur against the Demand of Land Tax by the State Government. Aggrieved by a judgement of the Honorable High Court of Rajasthan, Jodhpur in some other similar matter, the Company has also filed Two Special Leave Petitions (SLPs) before the Supreme Court challenging the Imposition of the Land Tax by the State Government as being beyond its legislative jurisdiction. Our SLPs have now been tagged alongwith other petitions pending before the Constitutional Bench of Supreme Court comprising of Nine Judges. The Final Judgement from the Honorable Supreme Court is awaited.MoreLess
  • Tax disputeAjmer Vidyut Vitran Nigam Ltd.Since 14 Aug 2023
    No Change during the Quarter ended 30th June 2025
    At the filing before: The Company has received Notices from Ajmer Vidyut Vitran Nigam Ltd (AVVNL) levying Cross Subsidy Surcharge at Rs. 1.70 Per Unit on power generated from the Company’s Solar Power Plant during the period November 2020 to October 2021 aggregating to Rs 2.55 Crores. The Company contested the Levey of Cross Subsidy Surcharge through a Writ Petition filed in Honorable High Court of Rajasthan, Jodhpur on the grounds that there was no Provision of Cross Subsidy Surcharge under the Renewable Sourcing Energy Regulation 2020 when the Company had set-up this Solar Power Project. The Company had since deposited the Cross Subsidy Surcharge. Under Protest™ to avoid the levy of Late Payment Surcharge (LPS). The Final Verdict from the Honorable High Court of Rajasthan, Jodhpur is awaited.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Jun 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.