Mangalam Cement Ltd has announced that CARE Ratings Limited has reaffirmed credit ratings for the company's bank facilities and instruments worth Rs. 1,163.41 crore. The rating reaffirmation was communicated to stock exchanges on March 18, 2026, in compliance with SEBI regulations.

Credit Rating Details

CARE Ratings maintained stable ratings across all facility categories, demonstrating confidence in the company's creditworthiness. The rating agency reaffirmed its assessment without any downgrades or negative outlook changes.

Facility Amount Changes

The rating reaffirmation came with notable changes in facility amounts. Long-term bank facilities saw a reduction from Rs. 567.35 crore to Rs. 478.41 crore, representing a decrease of Rs. 88.94 crore. Conversely, the long/short-term bank facilities were enhanced from Rs. 410.00 crore to Rs. 535.00 crore, marking an increase of Rs. 125.00 crore.

Rating Significance

The CARE A+ rating indicates high degree of safety regarding timely servicing of financial obligations, with very low credit risk. The stable outlook suggests that the rating is unlikely to change in the near term. For short-term instruments, the CARE A1+ rating represents the highest degree of safety regarding timely payment of financial obligations.

Regulatory Compliance

The company fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Pawan Kumar Thakur signed the regulatory filing, ensuring transparency with stakeholders and maintaining compliance with listing requirements.

Mangalam cement Limited has announced a significant inter-se transfer of equity shares among its promoter group entities, involving the transfer of 10,00,000 shares under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company disclosed this development through intimations received from three promoter group entities on March 17, 2026.

Transaction Structure and Acquiring Entities

The inter-se transfer involves three acquiring companies within the promoter group, each acquiring different quantities of equity shares:

Transferring Entities and Timeline

The shares are being transferred from two existing promoter group entities. Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Ltd.) is transferring 9,80,000 shares to Rambara Trading Private Limited and AVA Trading and Consulting Private Limited. Additionally, Pilani Investment and Industries Corporation Ltd. is transferring 20,000 shares to Mignonette Creations Private Limited.

The proposed acquisition date is scheduled for March 24, 2026, or any day thereafter, following the mandatory four working days disclosure period from the date of intimation.

Pricing and Market Context

All shares in this inter-se transfer are proposed to be acquired at prevailing market prices. The 60-day volume weighted average market price for Mangalam Cement Limited shares stands at ₹821.71 per share, based on trading data from the stock exchange with maximum trading volume. The acquiring entities have declared that the acquisition price will not exceed 25% above this computed price.

Shareholding Impact Analysis

The transaction will result in notable changes in the shareholding pattern among promoter group entities:

Rambara Trading Private Limited:

AVA Trading and Consulting Private Limited:

Mignonette Creations Private Limited:

Regulatory Compliance

The transaction is being conducted under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which provides exemption from making an open offer for inter-se transfers among promoter group entities. All acquiring entities have confirmed compliance with applicable disclosure requirements under Chapter V of the SEBI Takeover Regulations and have fulfilled the conditions specified under Regulation 10(1)(a) for exemptions.