Andhra Cements Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 30, 2025
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Andhra Cements Limited, a subsidiary of Sagar Cements, held its 86th AGM on June 30, 2025, from 2:00 PM to 3:05 PM. Nine resolutions were deliberated, including the adoption of audited financial statements for FY ending March 31, 2025, and the re-appointment of Ms. S. Rachana as a director liable to retire by rotation. Among the special business items, shareholders considered the appointment of M/s BSR and Co as Statutory Auditors, M/s BSS & Associates as Secretarial Auditors, ratification of Cost Auditors' remuneration for FY2025-26, and approval of material related party transactions with Sagar Cements and M/s RV Constructions Services. A key proposal was the shifting of the registered office from Andhra Pradesh to Telangana. The detailed voting results will be submitted to the exchanges separately as required under SEBI regulations.
The appointment of new statutory and secretarial auditors, along with the proposal to shift the registered office to Telangana, suggests corporate restructuring. Shareholders should watch for the detailed voting results and any implications of the related party transactions with the parent company Sagar Cements.