Andhra Cements Ltd

Financial results

• Unaudited Q1 results: ended 30 Jun 2026; revenue ₹14,217 lakhs; net loss ₹3,593 lakhs.

Corporate actions and capital structure

• Board approved Scheme of Amalgamation with Sagar Cement Limited; effective 01 April 2026; subject to approvals.
• Parent's OFS reduced ACL stake from 90% to 75%.

Auditor and regulatory

• Limited Review Report issued with unmodified conclusion.
• Scheme subject to approvals of Exchanges, SEBI, shareholders, creditors, and NCLT.

Operations and disclosures

• Single reportable segment: cement and related products.
• Deferred tax credit of ₹1,184 lakhs; current tax nil.

Meeting Details

• Date and venue: 27 July 2026 at Registered Office, Plot No.111, Road No.10, Jubilee Hills, Hyderabad.
• Time: not disclosed.

Key Agenda Items

• Unaudited financial results for Q1 2026-27 (quarter ended 30 June 2026) to be considered.

Other Notes

• Trading window remains closed until 48 hours after the results announcement.

Dematerialisation processing and ownership update

• Dematerialisation requests confirmed to depositories; securities listed on exchanges.
• Physical certificates for dematerialisation mutilated and cancelled after verification; depository named as registered owner updated within time.

Action

• Affirmed long-term IND BBB/Stable and short-term IND A3+ ratings

Instruments / Rated Facilities

• Total bank loan facilities outstanding: INR 9,389.70 million (reduced from INR 9,869.70).

Ratings & Outlook

• Long-term rating: IND BBB/Stable; Short-term: IND A3+.
• Long-term outlook: Stable.

Rating Agency

• India Ratings & Research (Fitch Group).

Material Change

• Outstanding facility amount reduced since last rating.

Rationale

• No explicit rationale provided in the filing; affirmation based on issuer information.

Meeting Details

• Board meeting on 5 June 2026.
• Meeting time was not disclosed.
• Venue: Corporate Office, Plot No.111, Road No.10, Jubilee Hills, Hyderabad.

Key Agenda Items

• Consider and approve a Scheme of Amalgamation.
• Proposed merger of Andhra Cements with holding company Sagar Cements Limited.

Other Notes

• Trading window will remain closed for designated persons and immediate relatives.