Ramco Cements has successfully completed a significant asset disposal transaction on December 22, 2025, selling non-core assets worth ₹514.90 crores to Prestige Estates Projects Limited. The company formally notified stock exchanges about this strategic transaction under Regulation 30 of SEBI listing regulations, marking a major milestone in its asset optimization program.

Transaction Details and Regulatory Compliance

The asset disposal was executed through an absolute sale deed between Ramco Cements and Prestige Estates Projects Limited. The transaction involved land owned by the company and was conducted as part of the systematic divestment of non-core assets.

Asset Disposal Performance Against Targets

With this latest transaction, Ramco Cements has successfully exceeded its original asset disposal target. The company's cumulative performance in asset monetization demonstrates strong execution of its strategic plan.

Future Disposal Plans and Debt Reduction Strategy

Ramco Cements has outlined its continued commitment to asset optimization with clear timelines for additional disposals. The company has taken effective steps to dispose of further non-core assets worth approximately ₹200 crores before February 28, 2026. The proceeds from all asset disposals are being utilized to reduce the company's debt burden, strengthening its financial position.

Strategic Impact and Market Position

The successful completion of this asset disposal program reflects Ramco Cements' disciplined approach to portfolio management and capital allocation. By exceeding the ₹1,000 crores disposal target and achieving ₹1,016.92 crores in total disposals, the company has demonstrated effective execution of its asset monetization strategy while maintaining focus on core cement manufacturing operations.

Ramco Cements has received credit rating reaffirmation and new assignment from ICRA Limited, as communicated to stock exchanges on December 19, 2025. The rating agency has maintained its stable outlook on the company's debt instruments while expanding the scope of rated securities.

Credit Rating Details

ICRA Limited has taken comprehensive rating actions on Ramco Cements' debt instruments, affecting both existing and proposed non-convertible debentures.

ICRA has reaffirmed the AA+(Stable) rating on ₹1,300.00 crores of existing Non-convertible Debentures (NCDs) and assigned the same rating to a new ₹500.00 crores debenture for Ramco Cements. This action has increased the total size of rated instruments from ₹1,300.00 crores to ₹1,800.00 crores.

Regulatory Compliance and Communication

The company has fulfilled its disclosure obligations under SEBI regulations by informing both National Stock Exchange of India Limited and BSE Limited about the rating developments. The communication was made pursuant to Regulation 30 and Regulation 51(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rating Validity and Conditions

ICRA Limited has specified that the assigned ratings remain valid throughout the life of the instruments until withdrawn. However, the rating agency reserves the right to review and revise the ratings based on new information or changing circumstances that could impact the company's creditworthiness.

Key conditions outlined by ICRA include:

• Immediate notification of any defaults or delays in repayment
• Information sharing about developments affecting debt servicing capability
• Prior notice of any changes in instrument terms and conditions
• Updates on borrowing limit breaches

Enhanced Payment Security Measures

In line with SEBI Circular dated November 18, 2024, ICRA has encouraged the use of penny-drop verification services provided by banks. This measure aims to prevent payment failures when disbursing principal and interest to investors or debenture holders, ensuring successful remittance and avoiding transaction failures through efficient bank account verification.