The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sagar Cements Ltd
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 2.6 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sagar Cements Ltd, the promoter of Andhra Cements Ltd, sold 71,48,978 equity shares (7.76% of the paid-up capital) through a stock exchange Offer for Sale (OFS) on January 9 and January 12, 2026. The sale was carried out to help Andhra Cements meet the SEBI Minimum Public Shareholding requirement. Before the sale, Sagar Cements held 66.25% directly plus 23.75% encumbered shares, totalling 90%; after the sale, direct holding dropped to 58.49% (with encumbered shares unchanged at 23.75%), bringing total promoter exposure to 82.24%. The OFS was announced on January 8, 2026 for up to 75,00,000 shares (8.14% of capital), of which 71,48,978 shares were successfully allotted based on valid bids.
This is a regulatory-driven sale to achieve minimum public shareholding compliance rather than a negative signal on the business. Promoter Sagar Cements retains a clear majority at 58.49% voting stake. The increased public float should improve trading liquidity and broaden the shareholder base, which is mildly positive for retail investors.