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Company is in business of cement production and is part Jaypee Group. Company is having 2 manufacturing Plants situated in Andhra Pradesh.Plant operations of the Company areat halt due to shortage of working capital and consequential attachment of stocks and bank accounts of the Company by the GST authorities and Power disconnection by the concerned Electricity Board.
Andhra Cements has relocated its Registered Office from Andhra Pradesh to Telangana. This move consolidates its corporate presence by aligning the Registered Office with its existing Corporate Office in Hyderabad, streamlining administrative functions. The company's CIN has also been updated.
Andhra Cements' promoter, Sagar Cements, has completed the sale of approximately 66.77 lakh equity shares (representing a 7.24% stake) via an Offer For Sale. This strategic move has reduced the promoter's shareholding from 82.24% to 75% of the company's paid-up equity capital. The issue was to achieve compliance with Minimum...
Andhra Cements' promoter, Sagar Cements, has sold 71,48,978 equity shares (representing 7.76% of total capital) through an Offer for Sale on the stock exchange. **The Issue:** The company's promoter shareholding stood at 90%, exceeding the regulatory requirement for Minimum Public Shareholding (MPS). **Company's Response:** This share sale is a key...
Andhra Cements has successfully commissioned and made fully operational a new 6 MW Solar Power Plant at its Gamalapadu cement facility. This marks a key step in their green energy initiative.
Andhra Cements has announced a board meeting to approve the financial results for the quarter and half-year. The company appointed M/s B S S & Associates as Secretarial Auditors for five years, bringing in extensive expertise in corporate law, SEBI, FEMA, insolvency, and valuation. This appointment aims to strengthen governance...