Andhra Cements Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on Jun 30, 2025
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Andhra Cements Limited, a subsidiary of Sagar Cements Limited, held its 86th Annual General Meeting on June 30, 2025 via video conferencing and all 9 resolutions were passed with overwhelming majority. Key resolutions include adoption of FY25 audited financial statements, re-appointment of director Mrs. S. Rachana, appointment of BSR & Co as statutory auditors (replacing the resigned Deloitte Haskins & Sells) for a 5-year term till 2030, appointment of BSS & Associates as secretarial auditors for 5 years, ratification of cost auditor remuneration of Rs. 5 lakh for FY26, and approval of material related party transactions with Sagar Cements (holding company) and RV Consulting Services (up to Rs. 500 crore for one year). A special resolution to shift the registered office from Guntur district (Andhra Pradesh) to Jubilee Hills, Hyderabad (Telangana) effective July 1, 2025 was also approved. Promoters holding 8.29 crore shares abstained from voting on the related party transaction resolutions as they are interested parties.
Routine procedural filing confirming shareholder approval at the AGM. The shift of registered office to Hyderabad (Telangana) consolidates the company's presence near its corporate office and parent Sagar Cements' base. The appointment of BSR & Co as auditor (after Deloitte's resignation) is a governance change to monitor. Material RPT approvals with the parent company indicate continued inter-group transactions, which minority shareholders should review.