SAURASHTRA CEMENT LTD.

Mehta Family Trust indirectly acquired 1,05,22,431 voting rights, representing 9.46% of Saurashtra Cement Limited, on September 24, 2026. This indirect acquisition was part of an internal reorganization within the Mehta family, undertaken pursuant to an exemption granted by SEBI. The transaction does not alter the company's issued share capital, public shareholding, or the aggregate shareholding of the promoter and promoter group, nor does it result in any change in control or management of Saurashtra Cement Limited.

Mehta Family Trust, through trustees Mr. Jay Mehta and Juhi Chawla, has indirectly acquired 9.46% of the voting rights in Saurashtra Cement Limited. This acquisition was achieved by becoming a partner in Omna Enterprises LLP, which holds these voting rights. The transaction, effective September 24, 2026, was undertaken under an exemption granted by SEBI and forms part of an internal family reorganization. It does not alter the company's issued share capital, public shareholding, or promoter group's aggregate shareholding, and crucially, does not result in any change in control or management of Saurashtra Cement.

Saurashtra Cement Ltd has received a show cause notice from the Deputy Commissioner of State Tax, Range-24, Jamnagar, under the CGST and GGST Acts, 2017. The notice pertains to alleged short payment of GST on B2C outward supplies, excess ITC availed on B2B inward supplies, and ineligible ITC for the period 2022-23. The total demand, including interest and penalty, amounts to ₹3,83,41,188. The company believes the demand is not maintainable and is evaluating the matter to submit a reply within the prescribed time. Saurashtra Cement does not anticipate any significant impact on its financial or operational activities.

Saurashtra Cement Ltd has received a show cause notice from the Deputy Commissioner of State Tax, Range-24, Jamnagar, under the CGST and GGST Acts, 2017. The notice pertains to alleged short payment of GST on B2C outward supplies, excess ITC availed on B2B inward supplies, and ineligible ITC for the period 2022-23. The total demand, including interest and penalty, amounts to ₹3,83,41,188. The company believes the demand is not maintainable and is evaluating the matter to submit a reply within the prescribed time. Saurashtra Cement does not anticipate any significant impact on its financial or operational activities.

Saurashtra Cement Limited has entered into a Power Consumption Agreement and a Share Purchase & Shareholders' Agreement with Jamnagar Renewables Two Private Limited, and Continuum Green Energy Limited. This agreement, executed on September 28, 2026, aims to source renewable power through a Group Captive Wind-Solar Hybrid arrangement. The company will invest approximately ₹14.92 Crore in equity shares of the Power Producer to secure a contracted capacity of 14 MW. The agreement has a tenure of 25 years from the commencement date, with a lock-in period of 7 years, supporting the company's power requirements and sustainability objectives.

Saurashtra Cement Limited has received a Show Cause Notice from the Office of the Deputy Commissioner of State Tax, Maharashtra, under Section 73 of the CGST & SGST Act 2017. The notice pertains to excess Input Tax Credit claimed in GSTR-3B/9 for the financial year 2022-23, with a demand amounting to ₹2,06,93,890. The company believes the demand is not maintainable and is evaluating the matter to submit a reply within the prescribed time. Saurashtra Cement does not anticipate any significant impact on its financial operations or other activities.

Saurashtra Cement Limited held its Annual General Meeting (AGM) on September 23, 2026, via video conferencing. The company has submitted the voting results for the resolutions presented. Key resolutions included the adoption of Audited Standalone and Consolidated Financial Statements for FY26, the re-appointment of a director retiring by rotation, and the approval of the Cost Auditors' appointment and remuneration for FY27. All resolutions were passed with a significant majority, indicating strong shareholder support.

Saurashtra Cement Limited has received a disclosure regarding the indirect acquisition of voting rights by the Mehta Family Trust, acting as the acquirer, through Jay Mahendra Mehta. This follows the acquisition of 49.99% equity shares in Galaxy Technologies Private Limited. Consequently, the acquirer has indirectly obtained 14.57% of the voting rights in Saurashtra Cement Limited. This transaction is part of an internal family reorganization and does not alter the company's issued share capital, public shareholding, or promoter group's aggregate shareholding, nor does it change control or management.

Mehta Family Trust, through trustees Mr. Jay Mehta and Ms. Juhi Chawla, has indirectly acquired a 14.57% voting rights stake in Saurashtra Cement Limited. This acquisition was made by purchasing 49.99% of Galaxy Technologies Private Limited, which holds shares in Saurashtra Cement. The transaction, undertaken pursuant to a SEBI exemption order, is part of an internal family reorganization and does not change the overall promoter shareholding or control of Saurashtra Cement.

Saurashtra Cement Limited has received a disclosure regarding an indirect acquisition by Mehta Family Trust. The Trust acquired 49.99% of Galaxy Technologies Private Limited, which holds 14.57% of Saurashtra Cement's voting rights. This acquisition, totaling 1,62,15,400 shares, was part of an internal family reorganization and does not alter the company's control or promoter shareholding. The transaction was undertaken pursuant to an exemption order from SEBI.