Shree Digvijay Cement Company Limited has concluded its open offer process, with the three India Resurgence Fund schemes successfully acquiring equity shares from public shareholders. The post-offer advertisement, submitted to stock exchanges on January 29, 2026, provides comprehensive details of the completed acquisition.

Open Offer Details and Timeline

The open offer was conducted by India Resurgence Fund – Scheme 1, India Resurgence Fund 2 – Scheme 2, and India Resurgence Fund 2 – Scheme 4, collectively referred to as the acquirers. Axis Capital Limited served as the manager to the open offer, while MUFG Intime India Private Limited acted as the registrar.

Acquisition Results and Financial Impact

The open offer results showed significant deviation from the proposed maximum acquisition. While the acquirers had sought up to 3,85,43,837 equity shares representing 26% of the expanded share capital, they ultimately accepted 1,34,07,285 shares.

The lower subscription indicates limited participation from public shareholders in the open offer process.

Shareholding Structure Post-Offer

Following the completion of the open offer, the ownership structure of Shree Digvijay Cement Company Limited has been significantly altered. The three acquirer schemes now hold substantial stakes in the company.

Combined with their earlier acquisitions through agreements, the acquirers' total post-offer shareholding stands at 53.05% of the expanded share capital.

Prior Acquisitions and Total Holdings

The acquirers had previously acquired significant stakes through share purchase agreements before launching the open offer. These earlier acquisitions formed the foundation of their substantial holding in the company.

Public Shareholder Position

Public shareholders maintained their significant presence in the company despite the open offer. The public shareholding percentage actually increased slightly due to the reclassification of the erstwhile promoter True North Fund VI LLP to the public category with effect from December 18, 2025.

The post-offer advertisement confirms that all regulatory requirements under SEBI (SAST) Regulations have been fulfilled, and the consideration payment to tendering shareholders will be completed as scheduled on January 27, 2026.

Shree Digvijay Cement Company Limited has announced a board meeting scheduled for February 6, 2026, to consider and approve the company's quarterly financial results. The meeting notice was communicated to both BSE Limited and National Stock Exchange of India Limited on January 27, 2026, in compliance with regulatory requirements.

Board Meeting Details

The board meeting has been convened pursuant to Regulation 29(1)(a) of the SEBI Listing Regulations, 2015. The primary agenda includes consideration and approval of unaudited standalone and consolidated financial results for specific reporting periods.

Trading Window Closure

The company has implemented trading restrictions for designated persons in accordance with its internal code of conduct. The trading window closure was initially communicated through a letter dated December 25, 2025, regarding the company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Person in the Securities of the Company.

Stock Exchange Communication

The formal intimation was sent to both major Indian stock exchanges where the company's shares are listed. The communication included specific scrip codes and symbols for identification purposes.

Corporate Compliance

The announcement demonstrates the company's adherence to regulatory requirements and transparent communication with stakeholders. The notice was signed by Suresh Meher, Sr. VP (Legal) & Company Secretary, and is available on the company's official website at www.digvijaycement.com . Investors can direct queries to the designated email address investors.sdcl@digvijaycement.com for further information regarding the upcoming board meeting and financial results.