Cemindia Projects Limited — Major Shareholding Notification 2025

Apr 16, 2025

Docusign Envelope ID: E6308044-0DF4-4B8E-A30D-24289AE8AAD7

MASSACHUSETTS INSTITUTE OF TECHNOLOGY P: 617-253-4900 INVESTMENT MANAGEMENT COMPANY F: 617-258-6676 One Broadway, 9[th] Floor, Suite 200 www.mitimco.org Cambridge, MA 02142

15 April 2025

The Secretary The Secretary BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers Limited Dalal Street, Fort Exchange Plaza, 3[rd] Floor Mumbai - 400001 Plot No.3-1”G” Block, I.F.B. Centre, E-mail: corp.relations@bseindia.com Bandra-Kurla-Complex, Bandra (East) Mumbai – 400 051 Email: takeover@nse.co.in

The Compliance Officer

ITD Cementation India Limited 9th Floor, Prima Bay, Tower B, Gate No. 5, Saki Vihar Road, Powai, Mumbai - 400072 E-mail: admin@itdcem.co.in; rahul.neogi@itdcem.co.in

BY E-MAIL

Dear Sirs

Subject: Disclosure under Regulation 29 (2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011 (“Takeover Regulations”)

This is to inform you that Massachusetts Institute of Technology (“ MIT ”) and 238 Plan Associates LLC (“ 238 Plan ”) have sold an aggregate of 4,640,700 and 1,567,900 equity shares of ITD Cementation India Limited, respectively, which coupled with previous transactions by MIT and 238 Plan has cumulatively crossed the 2% threshold for the purpose of Regulation 29(2) of the Takeover Regulations.

Accordingly, please find enclosed a disclosure under Regulation 29(2) of the Takeover Regulations.

Kindly take the above on record.

Thanking you

Yours faithfully

For MASSACHUSETTS INSTITUTE OF For 238 PLAN ASSOCIATES TECHNOLOGY LLC ____ ______ Seth Alexander Seth Alexander President, MIT Investment Management Company, President, Authorized Signatory Authorized Signatory Encl: As above

Docusign Envelope ID: E6308044-0DF4-4B8E-A30D-24289AE8AAD7

Docusign Envelope ID: E6308044-0DF4-4B8E-A30D-24289AE8AAD7

Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Name of the Target Company (“TC”)	Name of the Target Company (“TC”)	Name of the Target Company (“TC”)	Name of the Target Company (“TC”)	Name of the Target Company (“TC”)	Name of the Target Company (“TC”)	Name of the Target Company (“TC”)	Name of the Target Company (“TC”)
								ITD Cementation India Limited
Name(s) of the Acting in Concert						~~acquirer~~/ seller and Persons		Sellers
						(PAC) with the acquirer		1. Massachusetts Institute of Technology
								(“MIT”)
								2. 238 Plan Associates LLC(“238 Plan”)
Whether the~~acquirer~~/ seller belongs to Promoter/Promotergroup					~~acquirer~~/ seller belongs to
								No
Name(s) of the Stock Exchange(s) where the shares of TC are Listed								The National Stock Exchange of India Limited
								BSE Limited
Details of the			~~acquisition~~/ disposal as follows					Number	% w.r.t. total	% w.r.t. total
									share / voting	diluted share
									capital	/ voting
									wherever	capital of the
									applicable (*)	TC (**)
Before the **consideration, **				~~acquisition~~ ~~/~~ disposal under
				holding of:
a) Shares carrying voting rights
(i) MIT
								5,073,000	2.95%	2.95%
(ii) 238 Plan
								1,721,000	1.00%	1.00%
b) Shares in the nature of encumbrance (pledge/ lien / non-disposal undertaking / others)
								NA	NA	NA
c) Voting rights (VR) otherwise than by shares								NA	NA	NA
d) Warrants / convertible securities / any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category)
								NA	NA	NA
e) Total(a+b+c+d)								6,794,000	3.95%	3.95%
Details of		~~acquisition /~~sale
a) Shares carrying voting rights
							~~acquired /~~sold
(i)								4,640,700(1)	2.70%(1)	2.70%(1)
	MIT
(ii)								1,567,900(1)	0.91%(1)	0.91%(1)
	238 Plan
b) VRs	~~acquired~~/ sold otherwise than by shares							NA	NA	NA
c) Warrants / convertible securities / any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired / sold
								NA	NA	NA
d) Shares encumbered / invoked / released by the acquirer
								NA	NA	NA

1 | 3

Docusign Envelope ID: E6308044-0DF4-4B8E-A30D-24289AE8AAD7

e) Total	e) Total
		(a+b+c+/-d)			6,208,600	3.61%	3.61%
After the
		~~acquisition /~~sale, holding of:
a) Shares carrying voting rights
(i) MIT
					432,300	0.25%	0.25%
(ii) 238 Plan
					153,100	0.09%	0.09%
b) Shares encumbered with the acquirer
					NA	NA	NA
c) VRs otherwise than by shares
					NA	NA	NA
d) Warrants / convertible securities / any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition
					NA	NA	NA
e) Total (a+b+c+d)
					5,85,400	0.34%	0.34%
Mode of~~acquisition~~/ sale (e.g. open market / off- market / public issue / rights issue / preferential allotment / inter-se transfer etc).
		~~acquisition~~/ sale (e.g. open market / off-
					Off-market (shares tendered in open offer) +
					open market
Date of~~acquisition~~/ sale of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable
	~~acquisition~~/ sale of shares / VR or date of
					Various sales between 12 June 2024 and 11
	of intimation of allotment of shares,
					April 2025.
Equity share capital / total voting capital of the TC before the said~~acquisition~~/ sale
					171,787,584 equity shares of face value INR 1
				~~acquisition~~/ sale	each, amounting to INR 17,17,87,584
Equity share capital / total voting capital of the TC after the said~~acquisition~~/ sale
					17,17,87,584 equity shares of face value INR 1
			~~acquisition~~/ sale		each, amounting to INR 17,17,87,584
Total diluted the said sale
			share / voting capital of the TC after		17,17,87,584 equity shares of face value INR 1
					each, amounting to INR 17,17,87,584

Endnote:

([1] ) MIT has sold an aggregate of 4,640,700 equity shares of the Target Company, comprising of: (i) 4,565,700 equity shares tendered in the open offer (for which consideration was received on 9 April 2024) and (ii) 75,000 equity shares sold in the open market, and 238 Plan has sold an aggregate of 1,567,900 equity shares of the Target Company, comprising of: (i) 1,548,900 equity shares tendered in the open offer (for which consideration was received on 9 April 2024) and (ii) 19,000 equity shares sold in the open market.

(*) Total share capital / voting capital to be taken as per the latest filing done by the Target Company to the Stock Exchange under Regulation 31 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

[ Signature page follows ]

2 | 3

Docusign Envelope ID: E6308044-0DF4-4B8E-A30D-24289AE8AAD7

For MASSACHUSETTS INSTITUTE OF TECHNOLOGY

________

For 238 PLAN ASSOCIATES LLC

==> picture [163 x 37] intentionally omitted <==

________

Seth Alexander

President, MIT Investment Management Company, Authorized Signatory

Seth Alexander

President, Authorized Signatory

Place : Cambridge, MA USA Date : 15 April 2025

3 | 3