Sagar Cements to merge subsidiary Andhra Cements

Sagar Cements Limited (SCL) announced its Board of Directors has approved a Scheme of Amalgamation to merge its subsidiary, Andhra Cements Limited (ACL), with SCL. The merger is subject to approvals from shareholders, creditors, the National Company Law Tribunal (NCLT), and regulatory bodies including SEBI, BSE, and NSE. A valuation report and fairness opinion have been obtained for the share exchange ratio. For FY26, ACL reported revenue of ₹44,249 Lakhs and a net worth of ₹8,074 Lakhs, while SCL reported standalone revenue of ₹1,76,830 Lakhs and a net worth of ₹1,64,481 Lakhs. The transaction is considered a related party transaction but will be conducted on an arm's length basis.