BSECompany Update5d ago · 7 Aug 2026, 03:49 pm

Fintellectual Corporate Advisors Private Limited ("Manager to the Open Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the Public Shareholder(s) of India ....

India Cements Capital Ltd · 511355

✦ AI SummaryFundraise

India Cements Capital Ltd has received a Draft Letter of Offer from Fintellectual Corporate Advisors Private Limited for an open offer to acquire up to 56,43,612 equity shares, representing 26% of the voting share capital, at ₹12 per share.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment6/10

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Full Announcement

India Cements Capital Ltd - 511355 - Draft Letter of Offer

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E8417E27-2075-43A5-9050-99DA464CCA10-154935.pdf

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@[i,r,:*tl*,:=lx*h Date: August 0Z 2025 The Listing Department BSE Limited Phiroze Jeejeebhov Towers Dalal Streer Mumbai- 400001 Ref.: India Cehents Capital Limited (ftrip Code: 511355) Dear Sir/Madam, S LU AB KJ HEC sT F: O oRPE rN rO HF RFE ER F rO HR rA rc se AU NtS o.r T srO rxN O uF U hI e,r "O 5- 6i 4* 1i 5* 1i 2i (F, IF.r -rq u S, rXr SHARES FROM THt SHA RI'HO*L.D-ERS OF IND'I;Are nti?' 'CAPITAL 'L rI AM RIT GE ED r l{ HERETN AFTER RFFEnREp ,o os CEMENT aS : o,iro*r,7 By MR. SANDEE, ,ol* yI. ur*os conii.i-r.rb i,i,],onrr. NAGAR (HERErNArrrn nrrr{neo_to .ACeurRERSl ALoNGMTH cM oR Ns C. lN RE H wA A Hc TA HR Ew AA CL SI IN H RSF R (. "c pA ApA cC 1IT .v es ps -n '-s "o N '-s A,. C-. T .TlNC rN 2W 0e 20 a . r Fe U p rl se ua ds np r. l tt oo as nu Jb m ini t c C omon pv iia o ni c en r *a if ut. rL e at pte prr i co of u tO e ff fe rr o ( i. ,. iD r-L "O rF , ., 1) ,d id "t e ,L l.l lA ru llg ru *s t r "0 ob, i:ililf:""t:e]i or lndia (substantiar Aiquisitioir "i-sn,^.'""i'T"il-**1 Kindly take the above information on your records and disseminate the DLoF on the website of BSE Limited. Thanking You, Yours IaithfuIly lor Iintelle.tual visors Private Limited Puri DIN:09081387 FINTELTECTUAL CORPORATE ADVISORS PRIVATE TIMITED o ReE. Office: S-15, First Floor, Sapient House, Okhla tndustrialArea phase,,, New OelhiffOOm\ !lN: U74999D1202t PTC377748 Corporate Office: B-20, Second Floor,sectoFl, Noida, Uftar pradesh-2o1301 @ info@fi ntellectualadvisors.com valuations@fi ntellectualadvisors.com @ www.fintellectualadvisors.com $ Tel: +91-120_42660g0 DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION The Letter of Offer will be sent to you as a Public Shareholder(s) of India Cements Capital Limited (hereinafter referred to as “ICCL” or “Target Company” or "Target"). If you require any clarifications about the action to be taken, you may consult your Stock Broker or Investment Consultant or Manager/Registrar to the Offer. In case you have recently sold your shares in the Company, please hand over the Letter of Offer and the accompanying Form of Acceptance cum Acknowledgement and Transfer Deed to the Member of Stock Exchange through whom the said sale was effected. Open Offer by Mr. Sandeep Jain (“Acquirer 1”) Address: 115C, Pkt-1, Sector-18, Rohini Sector-15, Delhi-110089 Tel. No.: 9212706080; Email Id: jainsandeepca@yahoo.com Mr. Vikas Garg (“Acquirer 2”) Address: 3102, 31st Floor, Catania Tower, Mahagun Mezzaria, Sector-78, Noida, Uttar Pradesh-201301 Tel. No.: 9910028638; Email Id: vikas.garg@kredmint.com Mr. Rahul Nagar (“Acquirer 3”) Address: House Number 585, Sector 7B, Sector 7, Faridabad, Haryana-121006 Tel. No.: 9899389443; Email Id: rahul.nagar@kredmint.com ALONG WITH Mrs. Neha Agarwal (“PAC”) Address: House Number 72, First Floor, H-Block, Pocket 3, Rohini Sector 18, Delhi-110085 Tel. No.: 9990139200; Email Id: neha.arco@gmail.com to the shareholder(s) of INDIA CEMENTS CAPITAL LIMITED Registered office: No.18/14, (312/14) 2c & 2d, Gee Gee Emerald, 2nd Floor, Valluvar Kottam Highroad, Nungambakkam, Chennai, Tamil Nadu-600034 Telephone No.: 044 46065183 ; Email Id: secr@iccaps.com; Website: www.iccaps.co.in To acquire upto 56,43,612 (Fifty-Six Lakhs Forty-Three Thousand Six Hundred Twelve) Fully Paid-up Equity Shares of face value of ₹10 each ("Offer Shares"), representing in aggregate 26% of the voting share capital of the Target Company at a price of ₹12/- (Rupees Twelve Only) (“Offer price”) per fully paid-up Equity Share, payable in cash. Please Note: 1. This Offer is being made by the Acquirers and the PAC pursuant to regulation 3(1) and regulation 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations”). 2. This Open Offer is not conditional upon any minimum level of acceptance in terms of regulation 19 of SEBI (SAST) Regulations. 3. This Open Offer is not a competing offer in terms of regulation 20 of the SEBI (SAST) Regulations. There has been no Competing Offer as on the date of this Draft Letter of Offer. 4. As on the date of this Draft Letter of Offer, except of being in receipt of necessary approval from Reserve Bank of India (“RBI”), inter-alia for change in control and management of the Target Company in pursuance of this Offer and purchase of Equity Shares pursuant to the Share Purchase Agreement (term defined below) and there are no statutory or other approvals required by the acquirers pursuant to this open offer. However, in case any statutory approval(s) is required or become applicable at a later date prior to completion of the Offer, this Offer would be subject to the receipt of such approval(s) and necessary applications for such approvals shall be made. For more details regarding the statutory and other approvals for this Offer, please refer to the paragraph 7.4 on page no. 24 of this Draft Letter of Offer. 5. If there is any upward revision in the Offer Price/Offer Size by the Acquirers at any time up to 1 (One) Working Day prior to the commencement of the Tendering Period i.e. up to Tuesday, September 15, 2026, or in the case of withdrawal of offer, the same would be informed by way of the Public Announcement in the same newspapers where the original Detailed Public Statement has appeared. Such revision in the Offer Price would be payable by the Acquirers for all the Offer Shares validly tendered anytime during the Tendering Period of the Open Offer. 6. A copy of the Public Announcement, the Detailed Public Statement, Draft Letter of Offer and Letter of Offer (including Form of Acceptance cum Acknowledgment) are also available on SEBI’s website at www.sebi.gov.in. MANAGER TO THE OFFER REGISTRAR TO THE OFFER FINTELLECTUAL CORPORATE ADVISORS PRIVATE LIMITED SKYLINE FINANCIAL SERVICES PRIVATE LIMITED SEBI Registration No.: INM000012944 SEBI Registration No.: INR000003241 Corp. Off.: B- 20, Second Floor, Sector -1, Noida, Regd. Off.: D-153 A, 1st Floor, Okhla Industrial Area, Phase-I, Uttar Pradesh- 201301 New Delhi-110020 Tel. No.: +91-120-4266080 Tel No.: 011-40450193-97 Contact Person: Mr. Amit Puri Contact Person: Mr. Anuj Rana E-mail: info@fintellectualadvisors.com Email id.: ipo@skylinerta.com Website: www.fintellectualadvisors.com Website: www.skylinerta.com Offer Opening Date Offer Closing Date SCHEDULE OF THE ACTIVITIES PERTAINING TO THE OFFER Tentative Schedule of Activities Day and Date* Date of the Public Announcement Friday, July 24, 2026 Last date of publication of the Detailed Public Statement Friday, July 31, 2026 Last date of filing of the Draft Letter of Offer with SEBI Friday, August 07, 2026 Last date for a Competing Offer Friday, August 21, 2026 Last date for receipt of comments from SEBI on Draft Letter of Offer (in the event SEBI has Monday, August 31, 2026 not sought clarifications or additional information from the Manager to the Open Offer) Identified Date# Wednesday, September 02, 2026 Last date by which Letter of Offer will be dispatched to the Shareholders Wednesday, September 09, 2026 Last date by which an independent committee of the Board of Target Company shall give its Friday, September 11, 2026 recommendation Last date for revising the Offer Price/ Offer Size Tuesday, September 15, 2026 Advertisement of Schedule of Activities for Open Offer, status of statutory and other Wednesday, September 16, 2026 approvals in newspaper (Offer Opening Public Announcement Date) Date of commencement of tendering period (Offer Opening Date) Thursday, September 17, 2026 Date of expiry of tendering period (Offer Closing Date) Wednesday, September 30, 2026 Date by which all requirements including payment of consideration would be completed Thursday, October 15, 2026 Notes: *The above timelines are indicative (prepared on the basis of timelines provided under the SEBI (SAST) Regulations) and are subject to receipt of relevant approvals from various statutory [Showing first 8,000 characters — download PDF for full document]