Andhra Cements to Merge with Holding Company Sagar Cements

Andhra Cements Limited (ACL) announced that its Board of Directors has approved a Scheme of Amalgamation for its merger with its holding company, Sagar Cements Limited (SCL). The merger is subject to approvals from shareholders, creditors, the National Company Law Tribunal (NCLT), and regulatory bodies like SEBI, BSE, and NSE. The company has obtained a valuation report and fairness opinion on the share swap ratio. ACL's revenue for FY25-26 was ₹44,249 Lakhs, with a net worth of ₹8,074 Lakhs. SCL's consolidated revenue was ₹2,65,002 Lakhs, with a net worth of ₹1,69,292 Lakhs. This transaction is considered a related party transaction but will be conducted on an arm's length basis.