Kanodia Cement Ltd.

We are a cement manufacturing company operating through satellite grinding units (“SGUs”) in the states of Uttar Pradesh and Bihar, specializing in the production of blended cement such as Portland Pozzolana Cement and Composite Cement. We operate through a unique combination of (i) business-to-business contract manufacturing for cement brands (“Contract Manufacturing Model”); and (ii) production and marketing of our own consumer brands (“Business-to-Consumer Model”). As per the CRISIL Report, we are one of the pioneers in the contract manufacturing of cement in India. As on December 31, 2024, we operate five satellite grinding units (“SGUs”) with an aggregate cement manufacturing capacity of 3.54 MTPA. Our installed cement grinding capacity grew at a CAGR of 22.12%, compared to the industry average of 7.31% and a peer average of 9.64%, from Fiscal 2014 to Fiscal 2024, making us one of the fastest growing cement manufacturers in India in terms of increase in installed cement grinding capacity during the period. (Source: CRISIL Report) We are also one of the fastest growing cement manufacturing companies in terms of increase in sales volume from Fiscal 2022 to Fiscal 2024, growing at a CAGR of 36.14%, compared to the industry average of 11.10% and peer average of 8.80%. (Source: CRISIL Report) Further, we are also one of the fastest growing cement manufacturing companies in terms of growth in revenue from operations for the period Fiscal 2022 to Fiscal 2024, growing at a CAGR of 34.83%, compared to the industry average of 13.61% and peer average of 12.04%.