SAGAR CEMENTS LIMITED
SCL:SEC:NSE:2021-22 | 29th January 2022 |
The National Stock Exchange of India Ltd., | The Secretary |
"Exchange Plaza", 5th Floor | BSE Limited |
Bandra - Kurla Complex | P J Towers |
Bandra (East) | Dalal Street |
Mumbai - 400 051 | Mumbai - 400 001 |
Symbol: SAGCEM | Scrip Code: 502090 |
Series: EQ | |
Dear Sir, |
Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 read with its Schedule Ill of Part A regarding proposed Merger/Amalgamation with us of one of our Wholly-owned Subsidiary Companies viz., Jajpur Cements Private Limited
We wish to inform you that the Board of Directors of our Company at their meeting held on 28th January, 2022 has accorded their approval for merger of one of our wholly-owned subsidiary companies viz., M/s.Jajpur Cements Private Limited with Sagar Cements Limited, the Holding Company, which will be subject to further approvals as may be required from the authorities concerned.
As the above merger is essentially between the holding company and its wholly-owned subsidiary company, the scheme of merger to be proposed for the purpose will not contemplate issue of any fresh shares by Sagar Cements Limited.
Further details as required under Circular No.CIR/CFD/CMD/4/2015, dt.9.9.2015 issued by Securities Exchange Board of India are given in the Annexure.
Thanking you
Yours faithfully
For Sagar Cements Limited
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R.Soundararajan
Company Secretary
I
Registered Office : Plot No. 111. Road No. I O,Jubilee Hills,Hyderabad - 500033,Telangana,India.
Phone :+91-40-23351571, 23356572 Fax: +91-40-23356573E-mail : info@sagarcements.in Website: www.sagarcements.in
Factories : Mattampally. Via Huzurnagar, Suryapet-District,Telangana - 508204. Phone : 08683 ·_ 247039
BayyavaramVillage, Kasimkota Manda!, Visakhapamam District, Andhra Pradesh - 531031. Phone: 08924-244S50 Fax : 08924-244570
CIN : L26942TG I 98I PLC002887 GSTIN: 36AACCS8680H I ZZ
SAGAR CEMENTS L MITED
Annexure | |||||||||||||||||||||
Amalgamation/ Merger: | |||||||||||||||||||||
(a) | Name of the entity(ies) forming Jajpur | Cements | Private Sagar Cements Limited - | ||||||||||||||||||
part of the amalgamation / Limited -JCPL | SCL | ||||||||||||||||||||
merger, details in brief such as, | (Wholly-owned Subsidiary | (Holding Company) | |||||||||||||||||||
size, turnover etc. | Company) | ||||||||||||||||||||
Size: | (Transferor Company) | (Transferee Company) | |||||||||||||||||||
1.5 MTPA - | Clinker | Grinding 4.5 MTPA | - Cement | ||||||||||||||||||
Capacity | Capacity | ||||||||||||||||||||
Turnover as on 31.12.2021 | Not Applicable as operations | Rs.79,831 | lakhs as on | ||||||||||||||||||
commenced | operations on 31.12.2021 | ||||||||||||||||||||
10.1.2022 only | |||||||||||||||||||||
b) | Whether the transaction would The transaction does not fall within the Related Party | ||||||||||||||||||||
fall | within | related | party | Transaction, as clarified in General Circular No.30/2014, | |||||||||||||||||
transactions? If yes, whether dt.17.7.2014 issued by Ministry of Corporate Affairs, | |||||||||||||||||||||
the same is done at "arms | Government of India. | ||||||||||||||||||||
length" | |||||||||||||||||||||
c) | Area | of | business of | the SCL - Manufacture of Cement | |||||||||||||||||
d) | entity(ies) | JCPL - | Grinding of Clinker | ||||||||||||||||||
In case of cash consideration - As the merger will be between the holding company and | |||||||||||||||||||||
amount | or | otherwise | share its wholly-owned subsidiary, | no cash consideration is | |||||||||||||||||
exchange ratio | proposed | ||||||||||||||||||||
e) | Brief | details | of change in As the merger will be between the holding company | and | |||||||||||||||||
shareholding pattern (if any) of its wholly-owned subsidiary, | there will not be any | ||||||||||||||||||||
listed entity | change in the shareholding pattern of the SCL, | ||||||||||||||||||||
Transferee Company (Merged Company) |
Registered Office: Plot No. 111, Road No.IO,Jubilee Hills, Hyderabad - 500033,Telangana, India.
Phone : +91-40-23351571, 23356572 Fax : +91-40-23356573E-mail : info@sagarcements.in Website : www.sagarcements.in
Factories : Mattampally, Via Huzurnagar, Suryapet-District,Telangana - 508204. Phone : 08683 - 247039
Bayyavaram Village, Kasimkota Mandal, Visakhapatnam District, Andhra Pradesh - 53I031. Phone : 08924-244550 Fax : 08924-244570
CIN : L26942TG1981PLC002887 GSTIN : 36AACCS8680HI ZZ
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Sagar Cements Ltd. published this content on 29 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 January 2022 07:50:00 UTC.