Andhra Cements Limited has informed the Exchange about General Updates
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Andhra Cements Limited's promoter, Sagar Cements Limited, plans to sell up to 66,76,843 equity shares (7.24% of paid-up capital) via the Offer for Sale (OFS) route on BSE and NSE. The floor price has been set at ₹52 per share, with bidding scheduled for March 17, 2026 (non-retail) and March 18, 2026 (retail). Currently, promoter holding stands at 82.24% and will reduce to 75% after the sale, purely to meet the minimum public shareholding requirement under SEBI rules. Anand Rathi Share and Stock Brokers is acting as the sole broker for the OFS. The sale is being conducted under the SEBI OFS guidelines and the promoter has undertaken not to buy back shares during the OFS period.
This is a promoter-driven OFS to comply with minimum public shareholding norms, which will increase the public float and improve liquidity in the stock. The sale of 7.24% stake at a floor price of ₹52 may create short-term supply pressure on the stock price, but the structured OFS mechanism with retail and non-retail tranches should help orderly price discovery.