Ramco Industries Limited — Board Meeting, 11-11-2024: Outcome of Board Meeting

The Board of Directors of Ramco Industries Limited has approved a strategic investment of up to Rs.160 Crores for acquiring shares of The Ramco Cements Limited in one or more tranches via stock exchanges. Additionally, the board has authorized raising up to Rs.160 Crores through secured, rated, redeemable, non-convertible debentures or term loans to support this investment. This initiative could significantly enhance the company's position in the cement manufacturing sector, given TRCL's robust market performance, with a turnover of Rs.9,392.17 Crores for the fiscal year ending March 2024.