Andhra Cements Limited has informed the Exchange about General Updates
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On the reaction day the stock moved 6.7 pts more than Nifty Microcap 250 and 6.1 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Andhra Cements Limited's promoter, Sagar Cements Limited, plans to sell up to 75,00,000 equity shares (8.14% of total paid-up share capital) through an Offer for Sale on BSE and NSE between January 9 and January 12, 2026. The purpose is to comply with the minimum public shareholding requirement of 25% under SEBI rules, as the current public holding is just 10% (with promoter holding at 90%). Post-sale, the promoter stake would reduce from 90% to 81.86%. The floor price for the OFS is set at ₹72 per equity share, with Anand Rathi Share and Stock Brokers acting as the sole broker. A minimum of 10% of the offer is reserved for retail investors.
The OFS will increase the public float from 10% toward the mandated 25%, improving liquidity and free-float for the stock. The ₹72 floor price gives investors a reference benchmark, but the large block sale may create short-term supply pressure on the stock. Long-term, the move is regulatory-driven rather than a negative signal, as the promoter remains firmly in control with 81.86% post-sale.