Quarterly Result30 Oct 2026, 06:34 pm
Sagar Cements Declares Un-audited Q2 FY27 Results
AI Summary
Sagar Cements Ltd announced its un-audited standalone and consolidated financial results for the second quarter and half year ended September 30, 2026. The results were approved by the Board of Directors after review by the Audit Committee. The company also provided a Limited Review Report on the financial results. Key notes include the reversal of a ₹750.26 Lakhs provision for Mineral Bearing Lands (MBL) Cess and a reduction in shareholding in Andhra Cements Limited from 90.00% to 75.00% due to an Offer for Sale (OFS). A proposed Scheme of Amalgamation for Andhra Cements Limited to merge into Sagar Cements is pending regulatory approvals.
Key Highlights
- Company declared un-audited standalone and consolidated financial results.
- Results for the second quarter and half year ended September 30, 2026.
- Reversal of ₹750.26 Lakhs MBL Cess provision recognized.
- Shareholding in Andhra Cements reduced to 75.00% via OFS.
- Proposed amalgamation of Andhra Cements into Sagar Cements is pending approval.
Price Impact
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