The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for True North Fund VI LLP

Promoter sold over 1%Promoter holding below 50%FII holding declinedOwnership Changes View source PDF Explain this filing

SHREDIGCEM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.3%Reaction day

₹90.05

prior close

₹90.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%-1.0% vs market

Cement & Cement Products peers, median of 35sector+0.3%+0.1% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.1 pts more than its Cement & Cement Products 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

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30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+1.4-1.0+0.3+0.1

Next day

+0.1+1.4-1.3+1.0-0.9

+0.2+0.9-0.7+1.0-0.8

-0.0+0.3-0.4+2.1-2.1

+1.1-0.4+1.5+0.6+0.5

+1.1-0.5+1.6+0.4+0.6

+1.1+1.1-0.1+1.6-0.6

15d

+1.3-2.5+3.8-0.0+1.3

-13.0-6.1-6.9-1.4-11.6

-21.0-2.8-18.2-4.1-16.9

-37.3-14.9-22.3-17.9-19.3

UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 35Pending

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

AI summary

True North Fund VI LLP, previously part of the promoter group of Shree Digvijay Cement Company, sold 6,67,25,311 equity shares (45.01% of the company's share capital) through open market transactions on December 18, 2025. Before this sale, True North held 8,08,25,928 shares (54.52%); after the sale, its holding drops to 1,41,00,617 shares (9.51%). As a result of this transaction, True North will be reclassified as a 'public shareholder' rather than a promoter. The deal was executed pursuant to a share purchase agreement dated September 4, 2025 between True North and entities under the India Resurgence Fund. No encumbrance (pledge/lien) details are involved in this transaction.

Likely market impact

A near-complete exit by the promoter-group entity changes the company's ownership structure significantly and may introduce a new majority shareholder via the India Resurgence Fund. Retail investors should monitor for any open offer obligations, changes in promoter composition, and potential shifts in management control.