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India Cements Ltd. Capital/Financing Update 2026

Mar 16, 2026

63449_rns_2026-03-16_af386041-912b-4eaf-8446-12bab628f344.pdf

Capital/Financing Update

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SH/

16.03.2026

BSE Limited National Stock Exchange of India Limited Corporate Relationship Dept. Exchange Plaza, 5[th] Floor First Floor, New Trading Ring Plot No.C/1, G Block Rotunda Building Bandra-Kurla Complex Phiroze Jeejeebhoy Towers Bandra (E) Dalal Street, Fort MUMBAI 400 051. MUMBAI 400 001.

Scrip Code : 530005

Scrip Code : INDIACEM

Dear Sirs,

Sub.: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure – Requirements), Regulations, 2015 Acquisition of 10.76% equity share capital of First Energy 8 Private Limited

In terms of the provisions of Regulation 30 of Listing Regulations, we write to inform you that the Company has entered into Captive Power Agreement and Share Subscription and Shareholders Agreement to acquire 10.76% equity shares of First Energy 8 Private Limited, a company engaged in generation and transmission of renewable energy. The acquisition is for the purposes of meeting the Company’s green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under electricity laws.

Disclosure as required under the Listing Regulations is attached as per Annexure A .


Sr No	Particulars	Details
a)	Name of the Target Entity, details in briefsuchas size, turnoveretc	First Energy 8 Private Limited
b)	Whether the acquisition would fall within related party transaction(s) and whether the promoter / promoter group / group companies have any interest in the entity being acquired? If Yes, nature of interest and details thereof and whether the same is done at“arms length”.	The proposed acquisition is not a related party transaction(s) and the promoter / promoter group / group companies have no interest in the proposed acquisition.
c)	Industry to which the entity being acquired belongs	Generation and transmission of renewable energy.
d)	Objects and impact of acquisition (including but not limited to disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)	To meet the green energy needs; optimise energy costs and comply with regulatory requirements for captive power consumption under electricity laws.
e)	Brief details of any governmental or regulatory approvals required for the acquisition	-
f)	Indicative time period for completion of acquisition	Within 180 days from the execution of Captive Power Agreement and Share Subscription and Shareholders Agreement
g)	Nature of consideration whether cash consideration or share swap and details of the same	Cash consideration
h)	Cost of acquisition or the price at which shares are acquired	Equity investment of upto Rs. 18,77,44,462/- (Rupees Eighteen crore seventy-seven lakh forty-four thousand four hundred sixty-two Only)
i)	Percentage of shareholding / control acquired and / or no of shares acquired	10.76%
j)	Brief background about the entity acquired in terms of products /line of business acquired, date of incorporation, history of last three years turnover, country in which acquired entity has presence and any other significant information (in brief)	First Energy 8 Private Limited is a company having registered office at 7th Floor, Fountainhead Tower 1, Viman Nagar, Pune-411014, Maharashtra, India and is a special purpose vehicle (“SPV”) which shall supply 21.835 MW wind power, on a group captive basis from project located at Mondipatti, Tamil Nadu, India. Date of incorporation: 10thAugust 2023 Turnover (last three years) (Rs. in crores): 2024-25: Nil & 2023-24: Nil Country: India