* India Cements' subsidiaries, PT Coromandel Minerals Resources and Raasi Minerals Pte. Ltd., have entered into a Share Sale and Purchase Agreement (SSPA) to sell their entire equity investment in PT Adcoal Energindo. * Upon completion of the sale, PT Adcoal would cease to be a subsidiary of the company. * Consequently, PT Mitra Setia Tanah Bumbu (MSTB), in which PT Adcoal holds 49% equity investment, would cease to be an associate of the company. * PT Adcoal is not a material subsidiary and is not listed on any stock exchanges. * The proposed sale consideration is IDR 10,002,720,000 (₹5.35 crore approximately). * The buyers are Mr. Finsa Noorcahyo F and Mr. Hari Sutikno, who are Indonesian citizens and not part of the promoter group. * An earlier SSPA dated 3rd July, 2025, for PT Adcoal to sell its entire equity investment in MSTB will not proceed further.
