We wish to inform you that the board of directors of the Company (the "Board"), at its meeting held on today i.e., February 26, 2024 inter alia, considered and approved the offer for sale of up to 46,08,607 equity shares of face value of Rs. 10/- each equivalent to 5% of the total issued equity share capital of Andhra Cements Limited ("Offer for Sale"), a subsidiary company, pursuant to. the stock exchange mechanism and in the manner as set out in the OFS Guidelines; The meeting of the Board commenced at 3.00 p.m. and concluded at 3.30 p.m. We request you to take the above on record and the same be treated as compliance under the applicable provisions of the SEBI LODR Regulations, as amended. A copy of the notice for the proposed OFS through stock exchange mechanism is also enclosed.