The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Renew Exim DMCC

Acquisition announcedStrategic Transactions View source PDF Explain this filing

CEMPRO · price

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Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹725.80

prior close

₹724.95

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.3%-1.7% vs market

Civil Construction peers, median of 84sector-0.8%-0.6% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Smallcap 250 and 0.6 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

-0.1

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4+0.3-1.7-0.8-0.6

Next day

+2.6+1.0+1.6-0.1+2.7

+1.9+1.1+0.7-0.9+2.7

+4.6+1.7+2.9-0.5+5.0

+4.7+2.3+2.3-0.1+4.7

+2.7+3.0-0.4+0.1+2.5

+11.2+4.6+6.7+3.6+7.7

15d

+10.6+0.8+9.8-1.3+11.9

+28.5+6.1+22.5+0.4+28.1

+8.6+3.1+5.5-3.2+11.7

-4.3-0.2-4.1-5.0+0.7

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 84Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Renew Exim DMCC, a Dubai-based company, acquired 8.01 crore equity shares (46.64%) of ITD Cementation India Limited through an off-market transfer on May 28, 2025. This lifted its total stake from 20.83% to 67.46%, giving it majority control and making it part of the promoter group. The transaction is a clear change of control, as the acquirer's holding crossed well beyond the 25% SEBI takeover threshold. Total equity share capital of ITD Cementation stands at INR 17.18 crore divided into 17.18 crore shares of Re. 1 each. The filing explicitly references an Open Offer process, which is mandatory under SEBI Takeover Regulations for such a change in control.

Likely market impact

Existing public shareholders can expect a mandatory open offer from Renew Exim DMCC at a SEBI-prescribed minimum price, providing a potential exit opportunity. The stock could also see re-rating or volatility as the new promoter takes control of company strategy.