Anjani Portland Cement Limited (APCL) has successfully completed the sale of its equity shares in subsidiary Bhavya Cements Private Limited (BCPL) to its parent company, Chettinad Cement Corporation Private Limited (CCCPL). The transaction was executed on December 31, 2025, following shareholder approval obtained through a postal ballot.

Transaction Details

The company completed the off-market sale of 6,35,11,620 equity shares in BCPL, representing 48% of its holding in the subsidiary. Despite this divestment, BCPL continues to remain a subsidiary of Anjani Portland Cement Limited, with the company retaining a 51.01% stake post-transaction.

Regulatory Approval Process

The transaction received necessary approvals through a comprehensive regulatory process. The board had initially approved the sale during an adjourned meeting held on November 19, 2025, following which the matter was put to shareholders for approval through a postal ballot mechanism.

Corporate Structure Impact

The strategic divestment allows Anjani Portland Cement to optimize its corporate structure while maintaining control over BCPL operations. The company retains majority ownership with its 51.01% stake, ensuring continued consolidation of BCPL's financials and operational oversight.

Compliance Framework

The entire transaction has been conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has maintained transparency throughout the process, from initial board approval to final execution, ensuring all stakeholders remain informed of the corporate action.

This strategic move reflects the company's focus on optimizing its subsidiary portfolio while maintaining operational control over key business units.

Anjani Portland Cement Limited , a subsidiary of Chettinad Cement Corporation Pvt. Ltd., has announced its financial results for the first quarter ended June 30, 2025, along with several key corporate decisions.

Financial Performance

The company reported a significant turnaround in its standalone operations for Q1 FY26:

Anjani Portland Cement's standalone revenue from operations increased by 19.28% year-over-year to ₹115.74 crore in Q1 FY26, compared to ₹97.03 crore in the same quarter last year. The company managed to turn a profit of ₹2.70 crore, a significant improvement from the loss of ₹10.06 crore in Q1 FY25.

On a consolidated basis, which includes its subsidiary Bhavya Cements Private Limited, the company reported:

The consolidated revenue saw a 20.51% increase to ₹139.53 crore. While the company still reported a net loss on a consolidated basis, it significantly reduced from ₹19.08 crore in Q1 FY25 to ₹3.45 crore in Q1 FY26.

Corporate Developments

The Board of Directors, in their meeting held on August 12, 2025, made several key decisions:

1. New Company Secretary: Ms. Krithika Vijay Karthik has been appointed as the Company Secretary and Compliance Officer, effective August 12, 2025. Ms. Karthik brings 22 years of experience in secretarial and compliance functions.

2. Auditor Appointments:

   • M/s. Narasimha Murthy & Co. has been appointed as Cost Auditors for FY 2025-26.
   • M/s. D Hanumantha Raju & Co. has been appointed as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval.

3. Material Related Party Transactions: The board approved transactions with Chettinad Cement Corporation Private Limited (holding company), Bhavya Cements Private Limited (subsidiary), and Chettinad Minerals and Logistics Private Limited.

4. Annual General Meeting: The 41st AGM is scheduled for September 25, 2025, to be held via video conferencing. E-voting will be available from September 22 to September 24, 2025.

The company's improved financial performance, particularly in standalone operations, suggests a recovery in the cement sector. However, the consolidated results indicate that challenges remain, especially for its subsidiary. The new appointments and corporate actions reflect Anjani Portland Cement's efforts to strengthen its governance and operational efficiency as it navigates the evolving market conditions.