India Cements Capital Ltd shares sold by M Amarnath & Vidya Amarnath – 4 million shares disposed

What India Cements Capital Ltd announced

On 17 July 2026, India Cements Capital Ltd (the "Target Company") recorded a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure relates to the complete disposal of equity shares held by Mr M Amarnath and Mrs Vidya Amarnath, who acted in concert through Paterson & Co. The sellers transferred all 4,00,000 equity shares they owned, thereby exiting their shareholding in the company.

Details of the off‑market sale

• Acquirer / Persons Acting in Concert (PAC): Mr M Amarnath & Mrs Vidya Amarnath, representing Paterson & Co. (PAN AAAFP0972A). The filing explicitly states that the acquirer does not belong to the promoter group of India Cements Capital Ltd.
• Number of shares before sale: 4,00,000 equity shares.
• Number of shares sold: 4,00,000 equity shares (100 % of the holding).
• Holding after sale: Nil – the sellers no longer hold any voting‑right shares in the Target Company.
• Total paid‑up equity share capital of the Target: 2,17,06,200 equity shares.
• Stake sold: 4,00,000 shares represent 18.42 % of the total paid‑up equity and the same percentage of diluted share capital.
• Mode of transaction: Off‑market sale (i.e., a private transaction outside the stock‑exchange trading platform).
• Date of acquisition/sale: 17 July 2026 (the same date as the filing, indicated by the numeric string “171712026” in the document).
• Exchange of listing: Bombay Stock Exchange (BSE) – ticker 511355.

The filing does not disclose the identity of the buyer, the consideration paid, or any related party arrangements. It solely records the change in shareholding as required by the SEBI regulation.

Key facts at a glance

Why this matters for investors

The disclosure satisfies a statutory requirement that any party acquiring or disposing of a substantial shareholding (generally 5 % or more) must inform the stock exchange. By selling its entire 18.42 % stake, the Amarnaths have removed a significant block of shares from the market. The immediate effect on the shareholding pattern is a reduction in the number of shares held by persons acting in concert, which will be reflected in the next shareholding‑pattern filing of the company. Since the transaction was off‑market, there is no direct impact on the daily trading volume or price formation on the exchange. No further approvals or shareholder meetings are indicated in the filing; the transaction appears to be completed and recorded as of the filing date.

Conclusion

India Cements Capital Ltd’s share‑holding pattern will be updated to show that the Amarnath family, through Paterson & Co., no longer holds any equity in the company after disposing of their 4 million‑share, 18.42 % stake on 17 July 2026. The filing fulfills SEBI’s disclosure obligations under Regulation 29(2). No additional details such as sale consideration or buyer identity were provided, and no further regulatory steps are mentioned in the document.