Anjani Portland Cement Limited , a key player in the Indian cement industry, has initiated a significant corporate action that could reshape its financial structure and operational dynamics. The company has announced a postal ballot seeking shareholder approval for two major transactions:

Proposed Sale of Subsidiary Stake

Anjani Portland Cement is proposing to sell a 48% stake in its subsidiary, Bhavya Cement Private Limited, to its holding company, Chettinad Cement Corporation. The deal is valued at Rs 254.05 crore and represents a strategic move to restructure the company's assets and improve its financial position.

Material Related Party Transactions

In addition to the stake sale, the company is seeking approval for material related party transactions worth up to Rs 1,000 crore. This indicates a significant level of inter-company dealings that require shareholder scrutiny and approval.

Financial Context and Rationale

The company has cited specific financial reasons for these proposed actions:

1. Settlement of outstanding borrowings amounting to Rs 359.45 crore
2. Improvement of the company's liquidity position

These steps are particularly crucial given that both Anjani Portland Cement and its subsidiary, Bhavya Cement, have reportedly been incurring losses for the past three years.

Details of the Postal Ballot

The postal ballot notice outlines four key resolutions for shareholder consideration:

Voting Process

Shareholders should note the following key dates for the e-voting process:

• Cut-Off Date: November 14
• E-voting Start: November 24 at 9:00 a.m. (IST)
• E-voting End: December 24 at 5:00 p.m. (IST)

The company has engaged KFin Technologies Limited to facilitate the remote e-voting process. Shareholders are encouraged to participate in this crucial decision-making process that could significantly impact the company's future direction and financial health.

This move by Anjani Portland Cement represents a strategic effort to address financial challenges and potentially streamline its operations. Shareholders will play a pivotal role in determining the outcome of these proposed actions, which could have far-reaching implications for the company's financial stability and growth prospects in the competitive cement industry.

Anjani Portland Cement Limited (APCL) has announced significant corporate actions following an adjourned board meeting held on November 19, 2025. The board has approved several key decisions that will require shareholder approval through a postal ballot.

Key Decisions

1. Sale of Subsidiary Shares: The board has approved the sale of shares held in its subsidiary, Bhavya Cements Private Limited, to its parent company, Chettinad Cement Corporation Private Limited (CCCPL).

2. Material Related Party Transactions: Approval has been granted for material related party transactions with CCCPL, including both the share sale and transactions in the ordinary course of business.

3. Alteration of Articles of Association: The board has approved changes to the company's Articles of Association.

Postal Ballot Details

Shareholders will be asked to vote on the following matters through a postal ballot:

Meeting Details

The adjourned board meeting commenced at 3:55 PM and concluded at 4:30 PM on November 19, 2025.

Compliance and Next Steps

These decisions have been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has stated that the Postal Ballot Notice will be sent to shareholders in due course and filed with the relevant exchanges.

Investors and stakeholders should note that these corporate actions, particularly the sale of subsidiary shares and the material related party transactions, may have significant implications for the company's structure and operations. Shareholders are advised to carefully review the forthcoming Postal Ballot Notice for detailed information before casting their votes.