Elpro International Limited has announced the acquisition of equity shares in Ambuja Cements Limited, disclosing the transaction under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed BSE Limited about this strategic investment on April 13, 2026.

Acquisition Details

The acquisition represents a fresh investment by Elpro International, with no previous holdings in the target company. The transaction was completed through cash consideration, marking the company's entry into cement sector investments.

About Ambuja Cements Limited

Ambuja Cements Limited stands as the 9th largest cement producer globally and operates as a member of the diversified Adani Portfolio. The company, incorporated on October 20, 1981, has established itself as one of India's most trusted cement brands through its unique products designed for Indian climatic conditions and sustainable operations.

The target entity operates in the cement and cement products industry, maintaining its presence exclusively in India. Ambuja Cements has built its reputation through tailor-made products and initiatives that contribute to societal welfare.

Financial Performance Overview

Ambuja Cements Limited has demonstrated substantial financial performance across recent years. The company's consolidated financial results show varying revenue trends over the past three financial years.

Transaction Structure and Compliance

The acquisition does not fall within related party transactions, and no promoter, promoter group, or group companies have any interest in Ambuja Cements Limited. This ensures the transaction maintains independence and follows standard market practices.

Elpro International confirmed that no governmental or regulatory approvals were required for this acquisition, streamlining the transaction process. The investment aligns with the company's portfolio diversification strategy while maintaining compliance with all applicable regulations.

The disclosure fulfills the requirements under Para A of Part A of Schedule III of the SEBI Listing Regulations, ensuring transparency for stakeholders and market participants. Chief Financial Officer Deepak Kumar Ajmera signed the regulatory filing, confirming the company's commitment to proper governance and disclosure practices.

Elpro International Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Compliance Submission

The company filed the mandatory certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 on April 7, 2026. Company Secretary Rushabh Ajmera signed and submitted the compliance documentation to BSE Limited.

Registrar Confirmation Certificate

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's Registrar & Share Transfer Agent. The registrar issued the confirmation certificate on April 3, 2026, providing assurance on securities handling procedures.

The certificate confirms that securities received from depository participants for dematerialization during the quarter ended March 31, 2026 were properly processed. MUFG Intime confirmed that all securities were accepted or rejected to the depositories within prescribed timelines and that the securities have been listed on stock exchanges where previously issued securities are traded.

Securities Processing Compliance

The registrar's certificate validates several key compliance aspects:

• Securities received for dematerialization were confirmed or rejected to depositories
• Security certificates received were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners
• All processes were completed within prescribed regulatory timelines

Documentation and Distribution

The compliance certificate was distributed to relevant regulatory bodies and depositories. Copies were sent to National Securities Depository Limited and Central Depository Services (India) Limited, ensuring comprehensive regulatory notification.

Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited, signed the confirmation certificate on behalf of the registrar, validating the company's adherence to securities handling regulations during the quarter.