Star Cement Limited — M&A Activity 2026

Apr 18, 2026

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Date: 18[th] April, 2026

To,

The Listing Department, National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G Bandra Kurla complex, Bandra-East Mumbai-400 051

Symbol: STARCEMENT

To,

The Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai-400 001

Scrip code: 540575

Dear Sir,

Subject: Information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that, M/s Ri Pnar Cement Private Limited (RPCPL), a wholly owned subsidiary of the Company, have entered into a Share Purchase Agreement today with the shareholders of M/s Nitesh Minerals Private Limited (NMPL) for purchase of entire equity shares of NMPL. Consequently, upon completion of the aforesaid transaction NMPL will become the wholly owned subsidiary of RPCPL and a step down subsidiary of Star Cement Limited.

Requisite disclosure pursuant to SEBI LODR read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 and SEBI Master circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13[th] July, 2023 and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 as amended in relation to the abovementioned matters, are enclosed as Annexure - I .

A copy of this intimation is also being made available on the Company’s website at www.starcement.co.in.

This is for your information and record.

Thanking You, Yours faithfully,

For Star Cement Limited DEBABRATA Digitally signed by DEBABRATA THAKURTA THAKURTA Date: 2026.04.18 12:25:36 +05'30'

Debabrata Thakurta Company Secretary M.No.-F-6554

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Encl. as stated

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ANNEXURE - I

		ANNEXURE- I
Sr.No.	Particular	Details
a)	Name of the target entity, details inbrief such as size, turnover etc.	M/s Nitesh Minerals Private Limited.Authorized Share Capital: Rs. 25.00 Lakhs(2,50,000 shares of Rs.10/- each)Paid up Share Capital-(Rs. In Lakhs): Rs.4.50Lakhs.Turnover(2025)(Rs. In Lakhs): Rs.157.22 Lakhs.
b)	Whether the acquisition would fallwithin related party transaction(s) andwhetherthepromoter/promotergroup/ group companies have anyinterest in the entity being acquired?If yes, nature of interest and detailsthereof and whether the same is done at“arm’s length”;	Not a related party Transaction
c)	Industry to which the entity beingacquired belongs;	Mines & Minerals
d)	Objectsandeffects ofacquisition(including but not limited to, disclosureof reasons for acquisition of targetentity, if its business is outside the mainline of business of the listed entity);	M/s Nitesh Minerals Private Limited is havingminingleaseandinordertoensureuninterrupted supply of limestone for use incement business and to avail logistic benefits,M/s Ri Pnar Cement Private Limited hasentered into a share purchase agreement withthe shareholders of M/s Nitesh Minerals PrivateLimited for acquiring its 100% stake. Upon theaforesaid acquisition of shares, M/s NiteshMinerals Private Limited will become thesubsidiary of M/s Ri Pnar Cement PrivateLimited and a step down subsidiary of StarCement Limited.
e)	Brief details of any governmental orregulatory approvals required for theacquisition;	Not Applicable
f)	Indicative time period for completionof the acquisition;	Share Purchase Agreement signed on 18thApril,2026
g)	Nature of consideration - whether cashconsideration or share swap and detailsof the same;	Cash Consideration against shares

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h)	Cost of acquisition or the price at whichthe shares are acquired;		Rs.17,19,00,000(RupeesSeventeenCroresNineteen Lakhs only)	Rs.17,19,00,000(RupeesSeventeenCroresNineteen Lakhs only)	Rs.17,19,00,000(RupeesSeventeenCroresNineteen Lakhs only)	Rs.17,19,00,000(RupeesSeventeenCroresNineteen Lakhs only)
i)	Percentage of shareholding / controlacquired and / or number of sharesacquired;		Acquisition of 100% stake.
j)	Brief background about the entityacquired in terms of products/ line ofbusinessacquired,dateofincorporation, history of last 3 yearsturnover,countryinwhichtheacquired entity has presence and anyother significant information (in brief);		M/s Nitesh Minerals Private Limited (theCompany), is a Private Company incorporatedon 07thDecember, 2006 under the CompaniesAct, 1956 and existing under the CompaniesAct, 2013 bearing Corporate IdentificationNumber: U14219RJ2006PTC023419 and havingits Registered Office at 507, Fifth Floor, HarnathTower, P.W.D. Colony, Jodhpur, Rajasthan,India, 342 003.The Company is engaged in the business ofmining and all kinds of minerals and mineralproducts.The last 3 years turnover details are mentionedherein below:Particulars(Rs. In Lakhs)202520242023Turnover157.22287.070
			Particulars		(Rs. In Lakhs)
				2025	2024	2023
			Turnover	157.22	287.07	0

For Star Cement Limited

DEBABRATA Digitally signed by DEBABRATA THAKURTA THAKURTA Date: 2026.04.18 12:25:59 +05'30' Debabrata Thakurta Company Secretary (M. No.: F6554)

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