The Ramco Cements Limited announced the disposal of additional non-core assets on February 26, 2026, for a consideration of Rs.59.56 crores to M/s. Rainbow Foundations Limited. This latest transaction brings the cumulative proceeds from non-core asset sales to Rs.1,080.82 crores since the original plan was announced in November 2024. The entirety of the proceeds realized from these disposals will be utilized to reduce the company’s outstanding debts.
Update on Asset Monetization Program
The Ramco Cements Limited issued a formal update regarding its ongoing strategy to dispose of non-core assets, referencing earlier communications from November 11, 2024, and December 22, 2025. The initial proposal targeted realizing approximately Rs.1,000 crores, followed by a subsequent plan for another Rs.200 crores.
Recent Transaction Details
The company confirmed that today, February 26, 2026, a further sale of non-core assets was completed. The transaction value for this specific disposal was Rs.59.56 crores, executed through the sale of land owned by the Company to M/s. Rainbow Foundations Limited.
With this most recent transaction, the management confirmed that the total amount realized from the disposal of non-core assets to date has reached Rs.1,080.82 crores. The strategic use of these funds is explicitly stated: the proceeds will be entirely directed towards reducing the debts of the Company.
Disclosure Annexure Summary
In compliance with applicable disclosure mandates, the following details pertain to the agreement with Rainbow Foundations Limited:
- Size of Agreement: Rs.59.56 Crores.
- Purpose: Execution of a sale deed for the sale of land owned by the Company.
- Related Parties: The parties involved are not related to the promoter/promoter group, and the transaction is confirmed not to fall under related party transactions.
- Other Disclosures: No specific rights regarding shareholding, director appointments, or capital structure changes were involved in this sale agreement.
Source: BSE
