SAGAR CEMENTS LTD.-$ - 502090 - Your E-Mail Dated 19Th April, 2023
With reference to your E-mail cited above, we wish to confirm that the amount collected by us against preferential allotment of equity shares has been fully utilized for the purpose for which the amount had been raised. SAGAR CEMENTS LTD.-$ - 502090 - Submission Of Compliance Certificate Under Regulation 40(10) Of SEBI (Listing Obligations & Disclosure Requirements) 2015
In Compliance with the Regulation 40(10) of above said Regulation, we file herewith the above certificate issued by Practicing Company Secretaries for the year ended 31st March, 2023. SAGAR CEMENTS LTD.-$ - 502090 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanySAGAR CEMENTS LTD.- 2CIN NO.L26942TG1981PLC002887 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 890.80 4Highest Credit Rating during the previous FY INDA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)INDIA RATINGS AND RESEARCH PVT. LTD. 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: R SOUNDARARAJAN Designation: COMPANY SECRETARY EmailId: soundar@sagarcements.in Name of the Chief Financial Officer: K Prasad Designation: Chief Financial Officer EmailId: prasadk@sagarcements.in Date: 12/04/2023 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets. SAGAR CEMENTS LTD.-$ - 502090 - Disclosure Of Events/ Information Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 Read With Para (B) 1 Of Part A Of Its Schedule Ill
Pursuant to the above said Regulation, we are pleased to inform you that M/s.Andhra Cements Limited, one of our subsidiary companies, post its acquisition by us under the Resolution Plan approved by the National Company Law Tribunal, successfully commenced its grinding operations today at its Plant at Durgapuram, Dachepalli Manda!, Palnadu District in the State of Andhra Pradesh.
Sagar Cements jumps 9% after block deal of 60 lakh shares
Sagar Cements' stock price has fallen by more than 24 percent since the last the one year. However, it has given a return of a whopping 248 percent in the past three years. SAGAR CEMENTS LTD.-$ - 502090 - Maintenance Shut Down - Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015
Pursuant to the above said Regulation, we wish to inform you that we have suspended production of clinker at our Mattampally plant for maintenance purpose, where clinker production will resume after a period of 15 days. We would request you to kindly take the above intimation on record. SAGAR CEMENTS LTD.-$ - 502090 - Certificate Pursuant To Reg 7(3) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
In Compliance with Regulation 13(3) of the above said Regulations, we file herewith the statement of lnvestor complaints for the quarter ended 31st March, 2023 as provided by our RTA M/s. KFin Technologies Limited. SAGAR CEMENTS LTD.-$ - 502090 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
In terms of the above said Regulation, we submit the Certificate received from our RTA M/s.KFin Technologies Limited for the quarter ended 31 st March, 2023. SAGAR CEMENTS LTD.-$ - 502090 - Announcement under Regulation 30 (LODR)-Credit Rating
Further to our Letter dated 4th April, 2023 and pursuant to Regulation 30 read with Part A of Schedule Ill to SEBI (LODR) Regulations 2015, we wish to inform you that Indian Rating & Research Private Limited has since placed Sagar Cements Limited''s (SCL) Long Term Issuer Rating at "IND A"/Stable Off Rating Watch with Developing Implications vide its Letter dated 3i 5t March, 2023 (received on 3rd April, 2023), of which a copy is attached. SAGAR CEMENTS LTD.-$ - 502090 - Intimation Regarding Publication Of Advertisement In Newspapers Confirming Dispatch Of Postal Ballot Notices
Further to our letter dated 3rd April, 2023 informing you of the postal ballot notices being sent to our shareholders seeking their approval for the appointment of Independent Director as well as for approval to furnish a Corporate Guarantee for a sum not exceeding Rs.665 crores to State Bank of India, as security for the loan availed by our subsidiary viz., Andhra Cements Limited and to pledge 25% of Sagar Cement''s holdings in Andhra Cements Limited in favour of the said banker as further security for the said loan, we wish to inform you that the dispatch of the said Notices was completed on 3rd April, 2023 and an advertisement has since been published by us in newspapers confirming, inter-alia, the same. For your reference, we are forwarding herewith copies of the relevant newspaper cuttings (Financial Express and Andhra Prabha both dt.4.4.2023).