Reply to Query raised by BSE regarding discrepancies in shareholding pattern for the quarter ended 30th June, 2025
Awaiting price reaction for this filing.
RCC Cements responded to BSE's query about promoters holding shares in physical form, explaining that several promoters continue to hold shares in physical certificate form since the company's IPO and preferential allotment. The company shared records of multiple efforts — individual letters, newspaper notices annually since 2016, and annual report disclosures — urging promoters to dematerialise and provide PAN/KYC details. The filing also notes that promoter Mr. Rakesh Jain passed away in 2021 and his stake will be reclassified after transmission, while Mr. Yogesh Jain, Ms. Preeti Jain and M/s Focus Impex Pvt Ltd transferred their entire holdings in Q4 FY25 but remain classified as promoters pending reclassification. As of 30 June 2025, promoters held 35.76% (20,03,000 shares of 56,02,000 total), with only 68,500 of the 19,03,000 individual promoter shares in demat form. No shares were pledged or encumbered.
There is no material business or valuation impact; this is a procedural compliance reply. Investors should note that promoter holding is well below 50% at 35.76%, and three promoters have fully exited their stake though they remain in the promoter category until reclassified, which could slightly dilute effective promoter influence going forward.