Anjani Portland Cement News

Anjani Portland Cement Seeks Shareholder Approval for Rs 254 Crore Subsidiary Share Sale

Anjani Portland Cement Limited is conducting a postal ballot seeking member approval for selling 48% stake in subsidiary Bhavya Cement Private Limited to holding company Chettinad Cement Corporation for Rs 254.05 crore, alongside material related party transactions worth up to Rs 1,000 crore. The company aims to settle outstanding borrowings of Rs 359.45 crore and improve liquidity position as both the company and subsidiary have been making losses for the past three years.

Anjani Portland Cement Board Approves Share Sale and Related Party Transactions

Anjani Portland Cement's Board approved the sale of shares in subsidiary Bhavya Cements Private Limited to parent company Chettinad Cement Corporation Private Limited, along with material related party transactions and alteration of Articles of Association. The company will seek shareholder approval through postal ballot for these transactions, which include both ordinary course business dealings and the subsidiary share sale.

Anjani Portland Cement Resubmits Corrected Financial Results After Draft Submission Error

Anjani Portland Cement Limited corrected an inadvertent submission of draft financial results instead of final results for the quarter ended June 30, 2025. The company requested stock exchanges to replace the previously submitted documents with the correct final results. The standalone results showed revenue from operations of Rs 11,583 lakhs and net profit of Rs 269 lakhs for the quarter. The consolidated results reported revenue of Rs 13,953 lakhs with a net loss of Rs 145 lakhs. The company operates in cement manufacturing and power generation segments, with cement contributing Rs 9,871 lakhs to consolidated revenue. The results were reviewed by auditors and approved by the Board of Directors on August 12, 2025.

Anjani Portland Cement Reports Q4 Financial Results

Anjani Portland Cement has reported its Q4 financial results. The company experienced an EBITDA loss of 49 million rupees, compared to a gain of 103 million rupees in the same quarter last year. The consolidated net loss for Q4 was 130 million rupees, an increase from the 44 million rupees loss reported in the previous year. Revenue for the quarter stood at 1.4 billion rupees, down from 1.58 billion rupees in the corresponding quarter of the previous year.