Andhra Cements Limited — Important, 19-03-2026: Disclosure of material issue
19-03-2026 | 10:35 pm
19-03-2026 | 10:35 pm
Andhra Cements' promoter, Sagar Cements, has completed the sale of approximately 66.77 lakh equity shares (representing a 7.24% stake) via an Offer For Sale. This strategic move has reduced the promoter's shareholding from 82.24% to 75% of the company's paid-up equity capital. The issue was to achieve compliance with Minimum Public Shareholding requirements, and this action successfully increased public shareholding to the mandated 25%. The company is now fully compliant with the public shareholding norms.
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