Anjani Portland Cement Limited has successfully concluded its postal ballot process with all four proposed resolutions receiving shareholder approval. The results, declared on December 26, 2025, mark a significant milestone in the company's corporate restructuring efforts.

Postal Ballot Results Overview

The scrutinizer's report, prepared by Shaik Razia from D. Hanumanta Raju & Co., Company Secretaries, confirmed the approval of all resolutions with overwhelming support from shareholders. The e-voting process concluded on December 24, 2025, with votes being unblocked at 5:03 PM in the presence of independent witnesses.

Key Approved Transactions

The approved resolutions enable Anjani Portland Cement to proceed with its strategic restructuring plan:

Subsidiary Stake Sale: The company received approval to sell a 48% stake in Bhavya Cement Private Limited to its holding company, Chettinad Cement Corporation, valued at Rs 254.05 crore.

Related Party Transactions: Shareholders approved material related party transactions worth up to Rs 1,000 crore, facilitating significant inter-company dealings.

Voting Process Details

The postal ballot process was conducted entirely through remote e-voting, with 15,487 total shareholders on the record date of November 14, 2025. The e-voting period ran from November 24 to December 24, 2025, facilitated by KFin Technologies Limited.

Financial Restructuring Impact

The approved resolutions address the company's financial challenges, particularly the settlement of outstanding borrowings amounting to Rs 359.45 crore and improvement of liquidity position. Both Anjani Portland Cement and its subsidiary Bhavya Cement have been reporting losses for the past three years, making this restructuring crucial for financial stability.

The successful approval of all resolutions provides Anjani Portland Cement with the necessary shareholder mandate to execute its strategic restructuring plan, potentially improving its financial position in the competitive cement industry.

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.