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 the company's paid-up capital) through an Offer for Sale (OFS) on the stock exchange between March 17 and March 18, 2026. The sale was carried out specifically to help Andhra Cements meet SEBI's Minimum Public Shareholding (MPS) requirement, not as a discretionary promoter exit. Before the transaction, Sagar Cements held 5.39 crore shares (58.49% voting rights); after the sale, this fell to 4.72 crore shares (51.25% voting rights). Including encumbered shares, the promoter's total holding reduced from 82.24% to 75.00% of the company. The offer followed SEBI's standard OFS framework and was open to both retail and non-retail investors.
Short-term stock price may face mild supply pressure, but since the OFS is a compliance-driven, transparent market mechanism, price discovery is already complete. Post-OFS, the company's public float rises to around 25%, meeting the mandatory MPS threshold, which is a positive for liquidity and index inclusion. Sagar Cements remains the controlling promoter with a clear majority, so there is no change in management or control.