Ambuja Cements Ltd. — M&A Activity 2025

Mar 4, 2025

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March 04, 2025

To, National Stock Exchange of BSE Limited Luxembourg Stock India Limited Exchange Scrip Code: AMBUJACEM Scrip Code: 500425 Code: US02336R2004

Dear Sir/ Madam,

Sub.: Acquisition of Orient Cement Limited - Receipt of approval from Competition Commission of India (“CCI”)

We refer to our letter dated October 22, 2024, inter-alia, informing you about the approval of the Board of Directors of the Company for:

• a) Share Purchase Agreement for acquisition of 7,76,49,413 equity shares constituting 37.90% of the Existing Share Capital of Orient Cement Limited (Primary Acquisition);

• b) Share Purchase Agreement for acquisition of 1,82,23,750 equity shares constituting 8.90% of the Existing Share Capital of Orient Cement Limited (Primary Acquisition);

• c) Open offer for up to 5,34,19,567 equity shares, constituting 26% of the Expanded Share Capital, at a price of INR 395.40 per equity share from the public shareholders of the Target Company (Open Offer).

We would further like to inform that the Competition Commission of India (CCI) has by its letter dated 4[th] March 2025 unconditionally approved the proposed combination under Section 31(1) of the Competition Act, 2002.

This intimation is also being uploaded on the Company’s website www.ambujacement.com in terms of Regulation 30 of the SEBI Listing Regulations.

Kindly take the above on your record.

Thanking you,

Yours sincerely,

For Ambuja Cements Limited

Manish Digitally signed by Manish Vinodchandra Vinodchandra Mistry Date: 2025.03.04 20:25:45 Mistry +05'30'

Manish Mistry Company Secretary & Compliance Officer

Ambuja Cements Limited Registered Office: Adani Corporate House Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421, Gujarat, India Ph +91 79-2656 5555 www.ambujacement.com CIN: L26942GJ1981PLC004717