The Ramco Cements has clarified that Rajapalayam Mills Limited (RML), one of the members of its Promoter group, had submitted Non-disposal undertaking to Export-Import Bank of India relating to 3,847,000 shares held by them in the Company. While filing disclosure under Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 through XBRL made, under the heading 'Transaction Type', the Company has no option to select 'Non-disposal undertaking' or 'others' in the drop down box. Hence the Company has selected 'Pledge' for the same. In the column Mode of Acquisition /Disposal, the Company has no option to select 'Non-disposal undertaking' in the drop down box and hence it has selected 'Others' for the same. In the 'Notes / Company Remarks' column, the Company had mentioned the following: 'Non - Disposal Undertaking submitted by Rajaplayam Mills to Export-Import Bank of India.' The confirmation received from RML that the transaction is not a pledge and only a non-disposal undertaking, is attached.
The above information is a part of company’s filings submitted to BSE.
