Sagar Cements Limited has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 75,00,000 Equity shares of face value of INR 10/- each of Andhra Cements Limited. Date and time of the opening of the offer for Non-Retail Investors: January 09, 2026 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: January 09, 2026 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: January 12, 2026 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: January 12, 2026 at 3:30 p.m. The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the Offer shall be INR 72/- (Rupees Seventy Two Only)
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Sagar Cements Limited, the promoter of Andhra Cements Limited, proposes to sell up to 75,00,000 equity shares (face value INR 10 each) through the stock exchange OFS mechanism, representing 8.14% of the company's paid-up equity share capital. The floor price has been set at INR 72 per share, with no retail discount. Non-retail investors can bid on January 9, 2026 (9:15 a.m. to 3:30 p.m.), while retail investors can bid on January 12, 2026 (9:15 a.m. to 3:30 p.m.). The sale is being undertaken to help Andhra Cements meet the minimum public shareholding requirement under SEBI's listing rules. Anand Rathi Share and Stock Brokers is acting as the sole broker for the offer, with BSE as the designated stock exchange.
This is a promoter-driven OFS aimed at regulatory compliance (minimum public shareholding) rather than value unlocking, so the stock may see temporary supply pressure around the OFS dates. For shareholders, the floor price of INR 72 sets a near-term reference level, and successful completion will increase the public float in Andhra Cements.