The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Italian - Thai Development Public Company Ltd

Acquisition announcedStrategic Transactions View source PDF Explain this filing

CEMPRO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹725.80

prior close

₹719.95

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.3%-1.7% vs market

Civil Construction peers, median of 84sector-0.8%-0.6% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Smallcap 250 and 0.6 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.1

15m

-0.0

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4+0.3-1.7-0.8-0.6

Next day

+2.6+1.0+1.6-0.1+2.7

+1.9+1.1+0.7-0.9+2.7

+4.6+1.7+2.9-0.5+5.0

+4.7+2.3+2.3-0.1+4.7

+2.7+3.0-0.4+0.1+2.5

+11.2+4.6+6.7+3.6+7.7

15d

+10.6+0.8+9.8-1.3+11.9

+28.5+6.1+22.5+0.4+28.1

+8.6+3.1+5.5-3.2+11.7

-4.3-0.2-4.1-5.0+0.7

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 84Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Italian-Thai Development Public Company Ltd, the existing promoter of ITD Cementation India Limited, has sold its entire holding of 8,01,13,180 equity shares (46.64% of paid-up capital) to Renew Exim DMCC via an off-market transfer on 28 May 2025. The transaction was agreed under a Share Purchase Agreement dated 25 October 2024. Post-sale, the seller holds zero shares and has been de-classified as a promoter under Regulation 31A(10), while the purchaser has formally acquired control of the listed target company. ITD Cementation India remains listed on both BSE and NSE with a total equity share capital of 17,17,87,584 shares of ₹1 each (₹17.18 crore). The disclosure was filed by the seller under Regulation 29(2) of the SEBI Takeover Regulations, 2011.

Likely market impact

This is a complete change of promoter and control at ITD Cementation India, which could lead to shifts in strategy and management. Shareholders should watch for a likely mandatory open offer announcement from the new acquirer, Renew Exim DMCC, as SEBI takeover rules typically require one upon a change of control.