ITD Cementation India Limited — Important, 08-04-2025: Updates

Renew Exim DMCC is in the process of acquiring up to 4.47 crore fully paid-up equity shares of ITD Cementation India Limited through an open offer. As of now, 2.79 crore equity shares, which constitute 62.37% of the total offer size, have been tendered in the open offer escrow account. The shares tendered are subject to verification according to SEBI regulations and the terms outlined in the Letter of Offer dated March 18, 2025. This acquisition could reshape shareholder dynamics at ITD Cementation, warranting attention for potential implications on value and ownership structure. Investors should monitor the outcome as it unfolds.