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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On the reaction day the stock moved 3.5 pts less than Nifty Microcap 250 and 2.7 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 66,76,843 equity shares (7.24% of paid-up capital) through a stock exchange Offer for Sale on March 17-18, 2026. The promoter has now been classified as the seller in a SEBI Takeover Regulations disclosure. Before the sale, Sagar Cements held 58.49% of shares directly and 23.75% as encumbered shares, totalling 82.24% of Andhra Cements. After the sale, direct holding dropped to 51.25% (4,72,38,222 shares), with encumbered shares unchanged at 23.75%, bringing the total to 75.00%. The sale was executed under SEBI's OFS framework, with the floor price at Rs 10 per share.
This is a significant promoter stake reduction of over 7% in a single transaction. While the promoter remains the majority shareholder at 75%, the sale will increase public float and may lead to short-term price pressure depending on demand during the OFS. Investors should monitor the final allotment price and post-OFS trading activity to gauge market sentiment.