Amalgamation/Merger

CEMENTS LIM TE SCL: SEC: NSE: BSE: 2026-27 061h November, 2026 The National Stock Exchange oflndia Ltd., The Secretary "Exchange Plaza", 5th Floor BSE Limited Bandra - Kurla Complex P J Towers Bandra (East) Dalal Street Mumbai - 400 051 Mumbai -400 001 Scrip Code: 502090 Symbol SAGCEM Series EQ ISIN INE 229C0I021 Dear Sir, Sub: Receipt of Observation Letters from BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) in relation to the Scheme of Amalgamation between Andhra Cements Limited (Transferor Company) with and into Sagar Cements Limited (Transferee Company) and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 Ref: Disclosure under Regulation 30 of SEBI (LODR) Regulations 2015 Further to our letter dated 05th June, 2026, and pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform that the company has received Observation Letters with 'no adverse observations' from BSE dated November 05, 2026 and 'no objection' from NSE dated November 06, 2026, respectively, as required under Regulation 37(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in relation to the proposed Scheme of Amalgamation of Andhra Cements Limited (Transferor Company) with Sagar Cements Limited (Transferee Company). The proposed Scheme is subject to statuto1y and regulatory approvals under applicable laws, including the approval of the NCLT. The observation letters received from BSE and NSE are enclosed herewith and the same are also available on the website of the company at www.sagarcements.in . We request you to kindly take the above information on record. Thanking you Yours faithfully For Sagar Cements Limited J.Raja Reddy Company Secretary M.No. A31113 Encl.: as above CERTIFIED Registered Office : . Plot No. 111, Road No. I 0,Jubilee Hills, Hyderabad -500033,Telangana State, Indra. Phone : +91 40 2335 I 571, 23351572 ISO 9001:2015 ISO 14001 :2015 E-mail : info@sagarcements.in Website: www.sagarcements.in CIN : L26942TG 1981 PLC002887 GSTIN : 36MCCS8680H2ZY ISO 45001 :2018 ISO 50001 :2018 TheP oweorfV ibrance DCSA/M AL/RD//R33273 /2026-27 Novemb0e5r2, 0 26 ThCeo mpaSneyc retary, ThCeo mpaSneyc retary SagaCre menLtism ited AndhCream enLtism ited PloNto 1.1 1R,o aNdo 1.0 , PloNto1 .1 1R,o aNdo 1.0 , JubiHliel,eHl ysderabad, JubiHlieleHl ysd,e rabad, Telang-5a0n00a3 3. Telang-5a0n00a3 3. DeaSri r/Madam, SubD:r aSfcth emoefA malmgaatioofSn a gaCrem ents Liimted Wer efteory ouarp plicfaotdrir oansf cth emoefA malmgaatioofnA ndhCream enLtism ited (TransCfoemrpoarn y/wAiCtSLha) g Caerm enLtism i(tTerda nsCfoemrpeaen y/SStCeLue nld)e r Secti2o3n0 -2a3n2do thearp plicparbolvei soifto hnCeso mpanAicets2, 0 1f3i lweidtt hh e ExchaunngdeRe re gula3t7ai no9dn4 ( 2o)fS EB(IL ODRRe)g ulat2i0o1rn5es aw,di tShE BMIa srt e circnuolS.aE rB I/HO/CFD/POD-2/dPa/tCJeIudRn /2e20 20,02 233/.9 3 Int hirse gaSrEdB,vI i dietL se ttdeart eOdc tob3e0r2, 0 26h,a si ntaelrig ai vtehnfe o llowing commenot(nts h)se a iddr asfcth emoefA rrange-ment: 1."Theen titye nsshuatrlhela i tdt i scloasldeles t aoiflo sng oiandgj udic&ar teicoonv ery proceedipnrgoss,e cuitniiotni aantdea dlo lt heern forcemaecnttit oank einfa, n y, agaiintsi,ttp sr omotaenrdds i rectboerfsot,rh eHe o n'bNlCeLa Tn ds hareholders, while seekianpgp roovfta hlse c heme." 2."Theen titairaeed sv isteod entshuarteth cea ptioSncehde moefA rrangeimsme andte expresssulbyj etcort e ceiopftt h eN OCf rotmh el endisncgh educloemdm ercial bankisn/afnciinaslt ituitnci oomnpsl iawnictPeha rAa ( 2()k o)f P arIto fS EBMIa ster CircudlaatreJ du n2e0 2,0 23." 3."Theen titiaedsv iasrteeod enstuhrateth cea ptioSncehde moefA rrangeimsme andte expresssulbyj etcort e ceoifpt th ree poornct o mplaifnotlsl,ob wyed du ee xamination oft hsea maen dt akionfng e cessmaerays uriencs o,m pliawnictPeha rAa( 6o)fP arIot f thSeE BMIa stCeirr cudlaatreJ du n2e0 2,0 23." 4."Theen tisthyae lnls utrheaa td ditiionnfaolr maitafin oysn,u, b mitbtyie atdf tfeirl tihneg schemwei tthh set ocekx chanfgreo,tm h dea toefr eceoifpt th ilse ttiesdr i,s plaoyned thwee bsiotfte hsle i stceodm paannyd t hset oecxk changes." 5."Theen tisthyae lnls ucroem pliawnicttehh SeE BcIi rcuilsasrusfe rdo tmi mteot ime." 6."Theen titiinevso livnte hdeS chemseh adlull cyo mplwyi tvha riopurso visoifto hnes Circualnadre nsurteh aatl tlh el iabiloiftt hiete rsa nsfCeormopra ny sshtaalnld transfetroar nedvd e stienda ndb ed eemetdo b et ransfetroar nedvd e stiendt he transfceormepea ny." Pag1eo f4 RegistOefrfeidBc SeE:L imitFeldo,2o 5rP, TJo werDsa,lS atlr eMeutm,b a4i0 000I1n,d Ti:a+ .9 212 2 27122 34/I3E 3:c orp.comm@bseindia.com www.bseindIiC ao.rcpoomrI adteen tNiutmyb e:Lr 6 7120MH2005PLC155188 TheP oweorfV ibrance 7."Theen tiitsay d vistehda tth ei nformapteirotna itnoia nltglh eU nlisCtoemdp anies involviefad n,yi ,nt hes chemseh albeli ncludientd h ef ormsapte ciffioeardb ridged prospecatspu rso viidneP da rEto fS cheduVlIoe f t heI CDRR egulati2o0n1si8,n,t he explanatory sotrna otteimocerenp tr oposaaclc ompanyriensgo luttoib oenp a ssed, whicihss enttot he sharehfooslred eekrisan pgp roval." 8."Thee ntisthya leln surteh atth ef inanciinat lhse s chemien cludfiinnga ncials considefroverad l uatrieopnoa rrtne o fto pre rimoodr teh a6nm onthosl d." 9."Theen tiitsay d vistehdat th ed etaoiflt sh ep ropossecdh emuen decro nsideraastion provibdyet dh Ceo mpanyt htSeot ocEkx chansghea blelp rominednitslcyl oisnte hde notisceen ttot hSeh areholders." 1.0" Botthh ee ntitaireeas d visteodd isclotsheef ollowaisna g p arotf e xplanatory statemoernn to tiocrpe r oposal accormepsaonlyuittnobig eo p na ssetdob ef orwarded byt hec ompantyot hes hareholwdheirlssee ekianpgp rovua/ls2 30t o2 32o ft he CompaniAecst2 031- a.N eedf otrh em ergerra,t ionoaftl hees chemsey,n ergoifbe uss ineosfts h ee ntities involivnte hdse c hemiem,p aocftt he schoentm eh seh areholadnedcr oss bte nefit analyosfti hses cheme. b.DetaiolfR se gistVearleudie srs uiVnagl uatRieopno arntd M erchaBnatn kiesrs uing Fairnoepsisn iSounm,m aroyfm ethodcso nsidefroeardr rivaittn hgeS hare-Swap Ratainod R ationfaolures inagb ove methods. c.Basifsoa rr rivaittn hgse h arsew apr atio. d.Prea ndP osstc hemseh areholodfti rnagn sfaenrdto rra nsferee caosmop nanies thdea toefn otiocfse h areholmdeeertsia nlgo nwgi trha tionale foiraf ncyh,anges, occurrbeedt wefeinl oifnD gr aSfcth emteoN otitcoes hareholders. e.Capitbauli lto-fut pr ansfaenrdot rr ansfceormepea niseisn cien corporaantdion las3ty ears. f.DetaiolfRs e venuPeA,Ta ndE BIDToAft ransfaenrdto rra nsfceormepea nifeolsra st 3years. g.ValuoefA sseatnsd l iabiloiftt riaenss feror tchoamatpr aebn eyi ntgr ansfetrored transfceormepea nayn dp ost-mebraglearn ce osfth reeatn sfceormepea ny. h.Detaioflp so tentbieanle faintdrs i saksss ociawtiettdhh aem algamation. i.Financiimapll icaotfti hoean m algamaotni� orno moters, Public anSdhareholders thec ompaniiensv olivnetd h es chemael onwgi tfhu tugrreo wtphr ospeocfts transfceormepea ny purtsomu earngte r. j. ParBt o fS cheduIlo eft heS EB(IIs saunedL istoifnN go n-ConverSteicbulrei ties) Regulati2o0n2s1i,,n t hen oticoerp ropostaolb e sentt ot heh oldeorfs NCDs/NCRwPhSi lsee ekianpgp rofvoatrlh es chemTeh.e a ccuraacnyda dequacy ofs ucdhi sclossuhraeblselc ertibfyit ehdSe E BrIe gistmeerrecdh abnatn kaefrt er followtihnedg u ed iligepnrcoec e.s.s 1.1" Disclaolsplee ndiancgt ioangsa intshtee n titiinevso livnte hde schietmpser omoters /direct/Ko MrPss. Pag2e of 4 TheP oweorfV ibrance 12".Theen tisthya elnls utrhea atp plicaadbdliet iionnfaolr maitafin oytn ob, e s ubmitttoed SEBaIl onwgi tdhr asfcth emoefa rrangemaesan dtv isbeyed m aidla teNdo vemb0e5r, 202s6h aflolr pma rotfd isclostuotr hesesh areholders." 13."Theen tiitsay d vistehda tth ep roposeeqdu isthya rteosb ei ssuiendt ermosf t he "Schemseh"a mlaln datobreii lndy e mafto romn ly." 14."Theen tiitsay d vistehdat th e" Schemseh"a blel [Showing first 8,000 characters — download PDF for full document]