ITD Cementation India Limited — Others, 30-01-2025: News Verification

ITD Cementation India Limited has clarified recent media reports about Adani Renew Exim potentially acquiring a controlling 72.64% stake in the company. The management confirmed that they are not parties to the share purchase agreement (SPA) and do not anticipate any operational impacts stemming from this acquisition. The company has been transparent in its disclosures regarding significant shareholding changes and remains committed to sharing relevant information affecting shareholders. For investors, this clarification may prompt a neutral impact on sentiment as it highlights the ongoing strategic landscape, without immediate operational changes.