Announcement under Regulation 30-Sale of certain assets of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250 and 2.6 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.
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Sri Chakra Cement's board approved on 26 March 2026 the sale of certain non-operational assets, including plant and machinery from its Grinding Unit and 7.08 acres of land in Annamrajupeta village, Vizianagaram (Andhra Pradesh), to J.K. Cement Limited. The total consideration is approximately ₹8.08 Crores, subject to adjustments and completion of conditions precedent. The assets are currently not operational and do not contribute to the company's business, and the sale is part of the company's stated objective to rationalise and monetise non-core assets. The buyer is not a related party or part of the promoter group, and the transaction is not classified as a slump sale or sale of undertaking. The deal is expected to be completed within 30 days of satisfying conditions precedent.
Minimal impact on shareholders — this is a small (~₹8 Cr) divestment of idle, non-revenue-generating assets, freeing up some capital without affecting ongoing operations. Could provide a modest positive one-time cash inflow but is not material to the company's overall business.