Sagar Cements Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Sagar Cements Limited, the promoter of Andhra Cements Limited, has submitted a declaration to the stock exchanges under Regulation 31(4) of SEBI's Takeover Regulations. The company stated that during financial year 2024-25, Sagar Cements and persons acting in concert have not created any new encumbrance (such as pledges or liens) on their shareholding in Andhra Cements, other than what was already previously disclosed. The declaration was signed by Dr. S. Anand Reddy, Managing Director of Sagar Cements, on April 5, 2025. This is a routine annual regulatory filing required from promoters.
This is a routine compliance filing with no new action taken. Shareholders can take comfort that the promoter has not added any new encumbrances on its stake during the year, meaning no fresh pledging or risk exposure. No material impact on the stock price is expected from this disclosure.