Ref.: Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Sub.: Disclosure of Fifth meeting of the Committee of Creditors ("CoC") of Andhra Cements Limited
Dear Ma'am / Sir,
Pursuant to Regulation 30 (2) of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform you that the Fifth meeting of the Committee of Creditors of the Corporate Debtor was duly convened and conducted on Wednesday August 17, 2022 at 2:30 P.M. through audio-visual means, in accordance with Regulation 18 and 19 of the Insolvency and Bankruptcy Board of India, Regulations, 2016.
At the aforesaid meeting the Resolution Professional of the Company appraised the Committee of Creditors, inter alia, about the status of claims verification, various aspects relating to the CIRP and the way forward in terms of activities/milestones as stipulated under the Code.
Andhra Cements Ltd. published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 12:23:05 UTC.
Andhra Cements Limited is an India-based company, which is engaged in the manufacturing and selling of cement and cement related products. The Companyâs plants include Durga Cement Works (DCM), which is located at Guntur, Andhra Pradesh, and Visakha Cement Works (VCM), which is located at Visakhapatnam, Andhra Pradesh. These plants are engaged in manufacturing and sale of cement including ordinary Portland cement (OPC), Portland pozzolana cement (PPC). It caters mainly to the domestic market. The Company is a subsidiary of Sagar Cements Limited.