JK Cement Share Price in Focus on Acquiring 60% Stake in Saifco Cements

JK Cement Ltd has completed the acquisition of a 60% equity stake in Saifco Cements Private Limited for ₹149.81 crore. The transaction was executed through a combination of share purchase from existing promoters and fresh equity issuance by Saifco. Following the deal, Saifco has become a subsidiary of JK Cement, and the shares have been credited to JK Cement’s demat account.

Saifco Cement Location and Capacity

Saifco Cements operates an integrated cement manufacturing unit located in Khunmoh, Srinagar, in the Union Territory of Jammu & Kashmir. The facility includes a clinker production capacity of 0.26 million tonnes per annum (MnTPA) and a grinding capacity of 0.42 MnTPA. The plant also has access to captive limestone reserves.

For the financial year 2024-25, Saifco reported a turnover of ₹73.17 crore. In the previous 2 years, the turnover was ₹86.30 crore (FY 2023-24) and ₹90.20 crore (FY 2022-23).

Corporate Details 

Saifco Cements was incorporated in 1997 and is involved in the manufacture and sale of cement and clinker. JK Cement has confirmed that the acquisition does not fall under the category of related party transactions. The transaction was executed via cash and complies with all applicable statutory and regulatory requirements.

Board Restructuring

As part of the transition, the board of directors at Saifco will be reconstituted. JK Cement will nominate 3 directors to the board, while 2 directors from the existing promoter group will continue to serve.

Manufacturing Plans

JK Cement has indicated that it will invest in modernisation and adopt environmentally sustainable manufacturing practices at the Khunmoh unit as part of future operations.

Read more: JK Cement Q4 FY25 Earnings Results: Reported 64% Increase in Net Profit!

JK Cement Share Price Performance 

As of 10:12 AM on June 9, 2025, JK Cement share price was trading at ₹5,844.50, a 0.54% decrease, with a 28.64% increase over the past 6 months and a 38.78% increase over the past year.

Conclusion

The acquisition gives JK Cement operational presence in Jammu & Kashmir and control of Saifco’s existing cement plant. The company now holds a 60% stake in Saifco and will oversee management going forward.

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