Sagar Cements Limited has informed regarding letter dated 08.01.2026, please find enclosed the disclosure as required under Part A of Schedule III read with Regulation 30(4)(i)(c) of SEBI (LODR) Regulations, 2015 in respect of offer for sale of up to 75,00,000 equity shares of face value of Rs. l 0/- each equivalent to 8.14% of the total issued equity share capital of Andhra Cements Limited ("Offer for Sale").
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Sagar Cements Limited, acting as promoter, is selling up to 75 lakh (7.5 million) equity shares of its subsidiary Andhra Cements Limited through an Offer for Sale (OFS) on the stock exchanges. This represents 8.14% of Andhra Cements' total issued equity share capital, with each share having a face value of Rs. 10. The purpose of the OFS is to help Andhra Cements achieve the Minimum Public Shareholding (MPS) requirement as mandated by SEBI rules. The transaction is not a related party deal and is expected to be completed by January 12, 2026. The OFS is being conducted through the standard stock exchange mechanism as per SEBI OFS Guidelines.
This is a regulatory compliance action to meet MPS norms for the subsidiary, not a strategic divestment. Shareholders of Sagar Cements may see a minor reduction in the value of their indirect holding in Andhra Cements, but the core business of Sagar Cements remains unaffected. The market price of Andhra Cements shares could see some short-term pressure due to the supply increase from the OFS.