BSECompany Update24 Jul 2026 · 24 Jul 2026, 05:28 pm
Public Announcement dated 24.07.2026 issued to the public shareholders of the Company as received from Fintellectual Corporate Advisors Private Limited, Manager to Open Offer.
India Cements Capital Ltd · 511355
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India Cements Capital Ltd has received a copy of a public announcement from Fintellectual Corporate Advisors Private Limited, the Manager to the Open Offer, regarding an open offer to acquire up to 56,43,612 equity shares of the company, representing 26.00% of the voting share capital, by Mr. Sandeep Jain, Mr. Vikas Garg, and Mr. Rahul Nagar, along with Mrs. Neha Agarwal in her capacity as persons acting in concert with the Acquirers.
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Earnings Impact5/10
Growth Catalyst3/10
Governance Concern2/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
India Cements Capital Ltd - 511355 - Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
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India Cements Capital Limited
Regd. &C orp. Otfice : No. 18/14, (312/14)G ee Gee Emerald,
No.2C, 20, 2nd Floor, Valluvarkottam High Road,
Nungambakkam, Chennai -600 034.
T:91 44 4606 5183 www. iccaps.com
Corporate ldentity No. :L 65191TN1985PL CO12362
Email : secr@iccaps.com
SH/ 24.07.2026
BSE Limited
Corporate Relationship Dept. First Floor,
New Trading Ring, Rotunda Building,
Phiroze Jeejeebhoy Towers
Dalal Street, Fort
MUMBAI -400 001.
Scrip Code: 511355
Dear Sirs,
Sub: Disclosure Under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements), Requlation, 2015
Ref: Public Announcement dated July 24, 2026 ("Public Announcement") in relation to
an Open Offer to the public shareholders (as defined under Public Announcement)
of the Company issued by Mr. Sandeep Jain, Mr. Vikas Garg and Mr., Rahul Nagar
("Acquirers")
We wish to inform you that the Company has received a copy of the Public Announcement
dated July 24, 2026 from Fintellectual Corporate Advisors Private Limited the Manager to the
Open Offer, in terms of Regulation 3(1) and Regulation 4 read with Regulation 13, 14, 15(1) and
such other applicable provisions of the Securities and Exchange Board of India (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011.
Ac opy of the Public Announcement received by the Company is enclosed herewith.
You are requested to take this information on record.
Thanking you,
Yours faithfully, for
INDIA CEMENTS CAPITAL LIMITED
COMPANY SECRETARY
Enc.: as above
PUBLIC ANNOUNCEMENT (“PA”) UNDER REGULATION 3(1) AND
REGULATION 4 READ WITH REGULATION 13 (1), 14, AND 15 (1) OF
SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL
ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 AND
SUBSEQUENT AMENDMENTS THERETO
FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF
INDIA CEMENTS CAPITAL LIMITED
(“ICCL/TARGET COMPANY/TARGET”)
CIN: L65191TN1985PLC012362
Registered office: No.18/14, (312/14) 2c & 2d, Gee Gee Emerald,2nd Floor,
Valluvar Kottam Highroad, Nungambakkam, Chennai-600034
Phone: 044 46065183
Email Id: secr@iccaps.com
Website: www.iccaps.co.in
OPEN OFFER FOR ACQUISITION OF UPTO 56,43,612 (FIFTY SIX LAKHS
FORTY THREE THOUSAND SIX HUNDRED TWELVE) FULLY PAID UP EQUITY
SHARES OF FACE VALUE OF ₹10/- (RUPEES TEN ONLY) EACH,
REPRESENTING 26.00% (TWENTY SIX PERCENT) OF THE VOTING SHARE
CAPITAL FROM THE PUBLIC SHAREHOLDERS (AS DEFINED BELOW) OF
INDIA CEMENTS CAPITAL LIMITED (HEREINAFTER REFERRED TO AS “ICCL”
OR “TARGET COMPANY” OR "TARGET") BY MR. SANDEEP JAIN (“ACQUIRER
1”), MR. VIKAS GARG (“ACQUIRER 2”) AND MR. RAHUL NAGAR (“ACQUIRER
3”) (HEREINAFTER COLLECTIVELY REFERRED TO AS “ACQUIRERS”)
ALONGWITH MRS. NEHA AGARWAL (“PAC”) IN HER CAPACITY AS PERSONS
ACTING IN CONCERT WITH THE ACQUIRERS, PURSUANT TO AND IN
ACCORDANCE WITH REGULATION 3(1) AND REGULATION 4 OF THE
SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL
ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS
AMENDED (“SEBI (SAST) REGULATIONS”)
This Public Announcement (“PA”/ “Public announcement”) is being issued by
Fintellectual Corporate Advisors Private Limited (“Manager to the Offer” or
“FCAPL”) for and on behalf of the Acquirers and the PAC to the Public Shareholders
of Target Company (“Public Shareholders”) pursuant to, and in compliance with,
Regulation 3(1) and Regulation 4 read with Regulation 13, 14, 15(1) and other
applicable provisions of the SEBI (SAST) Regulations.
For this Public Announcement, the following terms shall have the meaning assigned
to them as below:
Definitions & Particulars
Abbreviations
Acquirer 1 Mr. Sandeep Jain, son of Shri. Suraj Mal Jain, aged 47
years, Indian Inhabitant having PAN: AFQPJ8682Q,
Definitions & Particulars
Abbreviations
under the Income Tax Act, 1961 and residing at 115C,
Pkt-1, Sector-18, Rohini Sector-15, Delhi-110089.
Acquirer 2 Mr. Vikas Garg, son of Shri. Ram Kanwar Garg, aged 48
years, Indian Inhabitant having PAN: AGSPG2876J,
under the Income Tax Act, 1961 and residing at 3102,
31st Floor, Catania Tower, Mahagun Mezzaria, Sector-
78, Noida, Uttar Pradesh-201301.
Acquirer 3 Mr. Rahul Nagar, son of Shri. Jagram Nagar, aged 39
years, Indian Inhabitant having PAN: AHQPN6632E,
under the Income Tax Act, 1961 and residing at House
Number 585, Sector 7B, Sector 7, Faridabad, Haryana-
121006.
Acquirers Acquirer 1, Acquirer 2, and Acquirer 3 (collectively
referred to as Acquirers).
Agreement The Share Purchase Agreement is hereinafter referred
to as the Agreement.
Board The Board means the board of directors of the Target
Company.
BSE Limited BSE Limited is the stock exchange were presently the
Equity shares of the Target Company are listed.
Equity Shares Equity Shares shall mean the fully paid-up equity shares
of the face value of ₹10.00/- (Rupees Ten Only) each.
ISIN International Securities Identification Number
Negotiated Price A negotiated price of ₹12/- (Rupees Twelve Only) per
Sale Share, aggregating to an amount of
₹13,02,98,232/- (Rupees Thirteen Crores Two Lakhs
Ninety Eight Thousand Two Hundred Thirty Two Only)
for the sale of 1,08,58,186 (One Crore Eight Lakhs Fifty
Eight Thousand One Hundred Eighty Six) Equity Shares,
representing 50.02% of the Voting Share Capital of the
Target Company, by Promoter Seller to the Acquirers,
pursuant to the execution of the Share Purchase
Agreement.
Offer Period The period of entering into an agreement to acquire the
Equity Shares and Voting Share Capital in, or control
over, the Target Company requiring a Public
Announcement or the date on which the Public
Announcement is being issued by the Acquirers and
PAC, i.e. Friday, July 24, 2026, and the date on which
the payment of consideration to the Public Shareholders
whose Equity Shares are validly accepted in this Offer,
is made, or the date on which this Offer is withdrawn,
as the case may be.
Definitions & Particulars
Abbreviations
Offer Price An offer price of ₹12/- (Rupees Twelve Only) per Offer
Share.
Offer Shares Open Offer for acquisition of up to 56,43,612 (Fifty-Six
Lakhs Forty-Three Thousand Six Hundred Twelve)
Equity Shares of the face value of ₹10/- each,
representing 26.00% of the Voting Equity Share Capital
of the Target Company at a price of ₹12/- (Rupees
Twelve Only) per fully paid-up Equity Share payable in
cash.
PA/ Public Public Announcement dated Friday, July 24, 2026.
Announcement
PAC Mrs. Neha Agarwal, daughter of Shri Chandra Prakash
Agarwal, aged 39 years, Indian Inhabitant having PAN:
AHVPA8853B, under the Income Tax Act, 1961 and
residing at House Number 72, First floor, H-block,
Pocket 3, Rohini Sector 18, Delhi-110085.
Person Acting in Person acting in concert/PAC has the same meaning as
concert/PAC ascribed to it in the SEBI (SAST) Regulations, 2011, as
amended from time to time.
Promoter and Promoter The existing promoter of the Target Company, in
Group accordance with the provisions of Regulations 2 (1) (s),
and 2 (1) (t) of the SEBI (SAST) Regulations, read with
Regulations 2 (1) (oo), and 2 (1) (pp) of the SEBI
(ICDR) Regulations, in this case, namely being, M/s Sri
Saradha Logistics Private Limited
Promoter Seller The existing promoter of the Target Company who have
entered into Share Purchase Agreement with the
Acquirers, in this case, namely being, M/s Sri Saradha
Logistics Private Limited
Public Shareholder(s) All the equity shareholders of the Target Company who
are eligible to tender their Equity Shares in the Offer,
except: (a) the promoter and members of the promoter
group of the Target Company; (b) the Acquirers, PAC
and any person deemed to be acting in concert with
them; (c) the parties to the underlying Share Purchase
Agreement, (d) any person deemed to be acting in
concert with the parties to the SPA, pursuant to and in
compliance with the SEBI (SAST) Regulations.
SCRR Securities Contract (Regulation) Rules, 1957, as
amended.
SEBI Securities and Exchange Board of India.
SEBI Act Securities and Exchange Board of India Act, 1992, and
subsequent amendments thereto.
Definitions & Particulars
Ab
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