'Furnishing of publication relating to Recommendations of the Committee of Independent Directors of ITD…
As filed · ITD Cementation India Limited has informed the Exchange regarding 'Furnishing of publication relating to Recommendations of the Committee of Independent Directors of ITD Cementation India Limited (the
What happened
FactITD Cementation India Limited has informed the Exchange regarding 'Furnishing of publication relating to Recommendations of the Committee of Independent Directors of ITD Cementation India Limited (the Company) on the Open Offer made by Renew Exim DMCC (Acquirer) to the Public Shareholders of the Company for acquisition of up to 4,46,64,722 Equity Shares of Re 1/- each'. ITD Cementation India Limited on the Open Offer made by Renew Exim DMCC (Acquirer) to the. Phiroze…
Why it matters
CapitSignal interpretationAn open offer gives holders a defined price at which they can exit, and signals that control is changing.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Order Book
RevisedDuring the year, we secured new orders worth over H 7,100 Crores across various sectors.
In FY 2024-25, we achieved consolidated revenue of D 9,097 Crores, marking an 18% year-on-year increase, backed by disciplined project execution across verticals.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Offer price versus market price
- Acquirer and resulting shareholding
- Yes, if you see that last year we have secured the order of Rs. 14,000-15,000 crores. This year we are plannin (management committed by FY27)
- We have entered FY 2025-26 with confidence and a renewed sense of ambition. (management committed by FY26)
Evidence
- ITD Cementation India Limited has informed the Exchange regarding 'Furnishing of publication relating to Recommendations of the Committee of Independent Directors of ITD Cementation India Limited (the Company) on the Open Offer made by Renew Exim DMCC (Acquirer) to the Public Shareholders of the Company for acquisition of up to 4,46,64,722 Equity Shares of Re 1/- each'.(opens the original filing in a new tab)
- Earlier statement · FY25
- Latest statement · FY25
How CapitSignal classified this
- Reasoning:
- OPEN_OFFER base 72; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%