JK Lakshmi Cement Declared Preferred Bidder For Assam Limestone Block; Shares Fall 1.96%

Mumbai, March 16: JK Lakshmi Cement Ltd said it has been declared the preferred bidder for the New Umrangso Limestone Block in Assam following participation in an e-auction conducted by the Government of Assam, according to an exchange disclosure.

The development was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

According to the filing submitted to both stock exchanges on March 13, 2026, the company secured preferred bidder status for the mining lease of the New Umrangso Limestone Block located in Assam.

The limestone block spans approximately 200 hectares. Limestone is the key raw material used in cement manufacturing and such mining leases typically strengthen long-term raw material security for cement producers.

The company said the designation follows its participation in the government’s electronic auction process for the block.

Shares Trade Lower During Morning Session

JK Lakshmi Cement shares were trading lower on March 16, 2026, reflecting broader market movement despite the regulatory update.

The JK Lakshmi Cement share price stood at ₹586.80, down 1.96% as of 9:33 AM IST on March 16, 2026, according to exchange data.

The stock opened at ₹601.70 and touched a session high of ₹607.15 and a low of ₹584.60 so far.

Market capitalisation stood at approximately ₹7.28K crore while the stock trades at a price-to-earnings multiple of about 15.90, based on exchange data.

Company Background

JK Lakshmi Cement Ltd operates in the Indian cement manufacturing sector with integrated cement plants and grinding units across multiple states.

The company produces cement and related construction materials serving infrastructure, housing and industrial projects across the country.

Securing limestone reserves is considered a strategic requirement for cement producers because limestone constitutes the primary raw material for clinker production.

Conclusion

The preferred bidder status for the New Umrangso limestone block could strengthen JK Lakshmi Cement’s long-term raw material supply chain if the mining lease is subsequently executed.

Further developments will depend on completion of regulatory procedures and formal grant of the mining lease following the auction process.

Source: https://nsearchives.nseindia.com/corporate/JKLASHMI_13032026180518_Regulation_30_Intimation.pdf