Date: September 24, 2026

Regulatory Disclosure Summary

This disclosure is made in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST Regulations).

Acquisition Details

Transaction Structure: Mehta Family Trust (Acquirer) indirectly acquired voting rights in Saurashtra Cement Limited (Target Company) through the acquisition of 2,49,999 equity shares, representing 49.99% of the equity share capital of Galaxy Technologies Private Limited, from Mr. Jay Mahendra Mehta on September 22, 2026.

Voting Rights Impact: The acquisition results in the Acquirer holding indirect voting rights corresponding to 1,62,15,400 equity shares held by Galaxy Technologies in Saurashtra Cement Limited, representing 14.57% of the total voting rights in the Target Company.

Regulatory Basis: The acquisition was undertaken pursuant to an exemption granted by SEBI through order dated July 14, 2026, bearing reference no. WTM/KCV/CFD/06/2026-27 (SEBI Exemption Order).

Ownership Structure Changes

Before Acquisition (Mehta Family Trust):

  • Direct holding: 100 equity shares (0.00% of total share/voting capital)
  • Total voting rights: 0.00%

After Acquisition (Mehta Family Trust):

  • Direct holding: 100 equity shares (0.00% of total share/voting capital)
  • Indirect voting rights: 1,62,15,400 shares (14.57% of total voting rights)
  • Total voting rights: 14.57%

Company Capital Structure

Equity Share Capital: INR 1,11,28,72,800 (Rupees One Hundred and Eleven Crore Twenty Eight Lakhs and Seventy-Two Thousand Eight Hundred Only)

Total Shares: 11,12,87,280 (Eleven Crore Twelve Lakh Eighty-Seven Thousand Two Hundred and Eighty Only) Equity Shares of INR 10 each

Important Note: The acquisition does not alter the issued share capital, public shareholding, or aggregate shareholding of the promoter and promoter group in Saurashtra Cement Limited. There is no change in control or management of the Target Company as recorded in the SEBI Exemption Order.

Transaction Nature

The acquisition forms part of an internal reorganization within the Mehta family. The 1,62,15,400 equity shares held by Galaxy Technologies continue to be registered in the name of Galaxy (an existing promoter group entity), while the indirect beneficial interest and corresponding voting rights stand consolidated in favor of Mehta Family Trust.

Additional Information

Mode of Acquisition: Indirect acquisition through internal reorganization within the Mehta family

Effective Date: September 22, 2026