Sagar Cements (#SAGCEM) as promoter of Andhra Cements has sold 7,148,978 shares (7.76% stake) of Andhra Cements.

This move is to comply with minimum public shareholding requirements. **Issue:** Sagar Cements, as the promoter of Andhra Cements, was above the regulatory threshold for promoter holding. **Impact:** Promoter holding in Andhra Cements reduced from 90% to 82.24%. Public shareholding increased from 10% to 17.76%. **Company's Response:** Andhra Cements is actively working to achieve the 25% minimum public shareholding within the stipulated timeframe.

More share sales by the promoter are likely to meet the remaining gap.