The Ramco Cements Limited has submitted its mandatory quarterly certificate to stock exchanges, reporting no share transfer activities during the quarter ended 31.03.2026. The filing, made under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, indicates stable shareholding patterns with zero conversion activities between physical and electronic formats.

Regulatory Compliance Filing

The company filed the required certificate with both National Stock Exchange of India Limited and BSE Limited on 2 April 2026. Company Secretary K Selvanayagam digitally signed the document at 14:41:33 hours, ensuring compliance with regulatory timelines for quarterly reporting obligations. The filing was addressed to the Market Operations Department of both exchanges.

Share Transfer Activity Summary

The quarterly report shows comprehensive data across both major depositories operating in India:

Corporate Information

The Ramco Cements Limited operates from its corporate office at Auras Corporate Centre, V Floor, 98-A, Dr. Radhakrishnan Salai, Mylapore, Chennai - 600 004. The company maintains its listing presence on major Indian stock exchanges with established trading symbols and maintains regular compliance with depositories regulations.

Significance of Zero Activity

The absence of dematerialisation and rematerialisation activities during the quarter indicates no conversion of shares between physical certificates and electronic format. This suggests stable shareholding patterns without significant changes in investor preferences for holding securities in either physical or demat form during the reporting period.

Ramco Cements has received a rating upgrade from DAM Capital, which has revised its recommendation to Buy with a target price of Rs 1,010. The brokerage's positive outlook is based on expected pricing dynamics in the cement sector that could benefit the company's financial performance.

Rating Upgrade Details

Price Hike Expectations

DAM Capital anticipates significant price increases across regions starting from April 2026. The expected price hikes of Rs 30-50 per bag are projected to play a crucial role in the company's cost management strategy.

Sector Outlook

The brokerage believes these anticipated price adjustments will serve as an effective mechanism to offset cost inflation pressures. The expected pricing power is seen as a key factor that will help cushion sector profitability amid rising input costs. This strategic pricing approach is expected to support the cement manufacturer's margins and overall financial performance in the coming period.