Sagar Cements Limited has informed the Exchange regarding Outcome of the Investment Committee of the Board of directors of the Company (the "Board"), at its meeting held on today i.e., January 08, 2026 inter alia, considered and approved the offer for sale of up to 75,00,000 equity shares of face value of Rs. I 0/- each equivalent to 8.14% of the total issued equity share capital of Andhra Cements Limited ("Offer for Sale"), a subsidiary company, pursuant to the stock exchange mechanism and in the manner as set out in the OFS Guidelines
SAGCEM · price
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Sagar Cements Limited, the promoter of Andhra Cements Limited, has approved an Offer for Sale (OFS) of up to 75,00,000 equity shares (8.14% of total equity capital) of Andhra Cements Limited through the stock exchange mechanism. The floor price has been set at Rs. 72 per share, with the OFS scheduled for January 9, 2026 (non-retail investors) and January 12, 2026 (retail investors) on BSE and NSE. Anand Rathi Share and Stock Brokers is acting as the sole broker. The stated purpose is to help Andhra Cements Limited meet the minimum public shareholding requirement of 25% under SEBI rules.
This is a promoter-level stake sale by Sagar Cements in its subsidiary Andhra Cements (not Sagar Cements itself) to achieve minimum public shareholding compliance. Sagar Cements shareholders are not directly diluted, but the OFS pricing and demand will signal market appetite for Andhra Cements shares. Investors may monitor this for indirect valuation cues regarding Sagar Cements' subsidiary holdings.