Andhra Cements Limited has informed the Exchange regarding 'Annual Report 2025'.
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Andhra Cements Limited, a subsidiary of Sagar Cements Limited, has submitted its Annual Report for FY 2024-25 to the stock exchanges and notified shareholders about its 86th Annual General Meeting scheduled for June 30, 2025 at 2:00 PM via video conferencing. Key resolutions to be tabled include adoption of audited financial statements, re-appointment of Mrs. S. Rachana (Non-Executive Director) by rotation, and the appointment of M/s B S R and Co as Statutory Auditors in place of the resigning M/s Deloitte Haskins & Sells, both to fill the casual vacancy and for a five-year term till 2030. Shareholders will also vote on ratifying the Cost Auditors' remuneration of Rs. 5,00,000 for FY 2025-26, appointing M/s B S S & Associates as Secretarial Auditors for five years, approving material related party transactions with holding company Sagar Cements and with R V Consulting Services Private Limited (up to Rs. 500 crores for one year). A special resolution seeks approval to shift the registered office from Dachepalli, Andhra Pradesh, to Jubilee Hills, Hyderabad (Telangana) effective July 1, 2025.
Shareholders should review and vote on the resolutions before the cut-off date of June 23, 2025, particularly the auditor change from Deloitte to B S R and Co, the Rs. 500 crore related party transaction cap, and the registered office shift to Telangana, all of which could signal operational and governance changes for the cement company.