Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 read with its Schedule Ill of Part A regarding proposed Merger/Amalgamation with us of one of our Wholly-owned Subsidiary Companies viz., Jajpur Cements Private Limited
We wish to inform you that the Board of Directors of our Company at their meeting held on 28th January, 2022 has accorded their approval for merger of one of our wholly-owned subsidiary companies viz., M/s.Jajpur Cements Private Limited with Sagar Cements Limited, the Holding Company, which will be subject to further approvals as may be required from the authorities concerned.
As the above merger is essentially between the holding company and its wholly-owned subsidiary company, the scheme of merger to be proposed for the purpose will not contemplate issue of any fresh shares by Sagar Cements Limited.
Further details as required under Circular No.CIR/CFD/CMD/4/2015, dt.9.9.2015 issued by Securities Exchange Board of India are given in the Annexure.
Sagar Cements Ltd. published this content on 29 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 January 2022 07:50:00 UTC.
Sagar Cements Ltd is an India-based company, which is engaged in the manufacture and sale of cement. It is also focused on the generation of power for sale and captive consumption. Its segments include cement and power. Its products include Ordinary Portland Cement (OPC), which manufactures two diverse grades of OPC: 53 grade and 43 grade; Portland Pozzolana Cement (PPC), which is a type of blended cement that is equivalent to that of 33 grade; Sulphate Resisting Portland Cement (SRPC), which is intended for the manufacture of concrete and concrete-steel constructions; Portland Slag Cement (PSC), which consists of granulated slag, gypsum, and the clinker; and Ground Granulated Blast Furnace Slag (GGBS), which is used as a partial replacement of cement in concrete. The cement produced by the Company is sold under the brand name, SAGAR. Its products are used for applications such as reinforced cement concrete works, precast concrete items, runways, and concrete roads and bridges.