The India Cements Limited — Important, 21-06-2025: Sale or disposal

The India Cements Limited has approved the sale of its entire equity stake in subsidiary Industrial Chemicals and Monomers Limited (ICML) to Mirai Sensing Private Limited for Rs. 97.68 crore. ICML, an unlisted and non-material subsidiary, will cease to be part of the group upon completion. The transaction is not a related party deal and is expected to close within six months of agreement finalization. The buyer is independent of the promoter group. ICML contributed negligible income and had a negative net worth as of FY 2024-25.