The Ramco Cements Limited — Board Meeting, 29-10-2024: Outcome of Board Meeting

The Ramco Cements Limited has approved the disinvestment of up to 14,091,500 equity shares in Ramco Industries Limited to fellow promoters Rajapalayam Mills Limited and Ramco Management Private Limited. This inter-se transfer is expected to reduce the company's borrowings and will not impact management structure. The sale consideration will depend on market prices at the time of the transaction, anticipated to occur within 30 days.