Andhra Cement Ltd. — Capital/Financing Update 2024

Mar 28, 2024

ANDHRA CEMENTS l MITED .f 41 Subsidiary of SAGAR CEMENTS LIMITED it ♦ ti

March 28, 2024

To,

BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers, Limited Dalal Street, Fort, C-1 Block G, Bandra Kurl Complex, Mumbai - 400 001 Bandra East, Mumbai-400 051 BSE Script Code: 532141 NSE Symbol: ACL

Sub.: Outcome of Board Meeting under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI LODR Regulations")

Dear Sir/ Madam,

Further to our letter dated 23[rd ] March, 2024 and in accordance with the provisions of Regulation 30 of the SEBI LODR Regulations, we wish to inform you that the board of directors ("Board") of the Company at their meeting held today, i.e. ?8[th ] March, 2024, approved a proposal for raising of funds, through issuance and allotment of equity shares having face value of { 10 each up to an aggregate amount of { 180 crores (Rupees One Hundred and Eighty Crores Only), on rights basis and on such terms, as may be decided by the Board or a duly constituted committee of the Board, at a later date, to the eligible equity shareholders of the Company, as on the record date, to be notified subsequently, subject to receipt of regulatory/ statutory approvals, in accordance with the applicable laws including the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI LODR Regulations and the Companies Act, 2013, and rules and regulations made thereunder, each as amended from time to time and approved other related matters including the constitution of Rights Issue Committee to implement the proposal of Rights Issue.

The Board also approved a proposal for raising of funds through debt issue up to an aggregate amount of Rs.250 Crores subject to receipt of all necessary approvals as may be required.

The information pursuant to Regulation 30 of the SEBI LODR Regulations read with SEBI Circular number SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 as Annexure-A.

The meeting commenced at 2.00 p.m and concluded at 3.30 p.m.

We would request you to take the above on record.

Thanking you,

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Yours faithfully, For Andhra Cements Limited

'�

G.Tirupati Rao Company Secretary and Compliance Officer

Regd. Office & Works: Durga Cement Works, Durgapuram, Srinagar Post, Dachepalli Manda!, Palnadu District, AP - 522414. Phone: +91 8649-257441 / 42 I Fax: +91 8649-257428

Vizag Unit: Visakha Cement Works, Parlupalem Village, Durganagar Post, Visakhapatnam - 530029, AP. Corporate Office: Plot No. I I 1, Road No. I 0,Jubilee Hills, Hyderabad - 500033,Telangana, India. Phone : +91-40-23351571, 23356572 Fax : +91-40-23356573

Website: www.andhracements.com I E-mail: investorcell@andhracements.com I CIN: L26942APl936PLC002379 I GSTIN: 37 AABCA9263D2ZQ

. ANDHRA CEMENTS LIMITED ilt ♦ f. -ti Subsidiary of SAGAR CEMENTS LIMITED

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Disclosure of Event and Information pursuant to Regulation 30 of the SEBI LODR Regulations read with SEBI Circular number SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

1. Issuance of Securities

Sr. No.	Particulars of Securities	Details of Securities
a)	Type of securities proposed to be issued	Equit Shares
b)	Type of issuance	Rights Issue
c)	Total number of securities proposed to beissuedor thetotalamountfor which thesecuritieswill be issued	Up to Rs. 180 Crores

2. Issuance of Debt Securities

Sr.No.	Particulars of Securities	Details of Securities
i)	size of theIssue	UptoRS.250 Crores
ii)	whether proposed to be listed? If yes, name ofthe stock exchange(s)	No
iii)	tenure of the instrument-date of allotment anddate of maturity	Will be decides later
iv)	coupon/interest ofered, schedule of payment ofcoupon/interest andprincipal	Will be decided later
v)	charge/security, if any created over the assets	Secured
vi)	special rightinterest/privileges attached to theinstrument and changes thereof	Will be decided later
vii)	delay in payment of interest/principal amountfr a period of more than 3 months fom theduedateordefultmpaymentofinterest/principal	Willbe decided later
viii)	details of any letter or comment regardingprepayment/non-payment of interest, principalon due dates or any other matter concerning thesecurityand/ortheassetsalongwithitscomments thereon,if any,	Willbe decided later
ix)	detailsof redemptionor prefrencesharesindicating the manner of redemption (whetherout of proftsoroutof feshissue)anddebentures;	Will be decided later

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Regd. Office & Works : Durga Cement Works, Durgapuram, Srinagar Post, Dachepalli Mandal, Palnadu District, A.P - 522414. Phone: +91 8649-257441 / 42 I Fax: +91 8649-257428 Vizag Unit: Visakha Cement Works, Parlupalem Village, Durganagar Post, Visakhapatnam - 530029, A.P. Corporate Office: Plot No. I I I, Road No.10,Jubilee Hills, Hyderabad - 500033,Telangana, India. Phone : +91-40-23351571, 23356572 Fax : +9 l_-40-23356573

Website: www.andhracements.com I E-mail: investorcell@andhracements.com I CIN: L26942APl936PLC002379 • 1 GSTIN: 37 AABCA9263D2ZQ