RNS Number:0227P
Associated Cement Companies Ld(The)
19 July 2005







SHR NSA BSE 11422

July 18, 2005.





Dear Sirs,

Re. : Declaration under Regulation 8(3) of the
Securities & Exchange Board of India
(Substantial Acquisition of Shares and Takeover )
Regulations 1997 details as on Record Date for
Dividend for the year ended 31st March, 2005.
---------------------------------------------------------------------

As already informed to you the Company had closed its Register of Members and
Share Transfer Books from 1st July, 2005 to 13th July, 2005 (both days
inclusive) for the purpose of determining the shareholders entitled to the
Dividend for the year ended 31st March, 2005. In respect of shareholders holding
shares in demat form, the dividend is being paid to the beneficial owners as on
30th June 2005 as per list received from the Depositories and in respect of
shares held in physical form dividend is paid to the shareholders as on 13th
July 2005.

Under Clause 8(3) of the above Regulations we are required to file certain
details within 30 days of the Record Date for Dividend.





                                     ..2..

We are accordingly submitting herewith the information required under Clause 8
(3) as under :-


+-----------------------------------------------------------------------------------+
|Name of the Company:- The Associated Cement Companies Limited                      |
+-----------------------------------------------------------------------------------+
|Date of Reporting :- 18th July, 2005                                               |
+-----------------------------------------------------------------------------------+
|Name of Stock Exchanges where shares of reporting company are listed.              |
+-----------------------------------------------------------------------------------+
|The Company's Equity Shares are listed on the Stock Exchange at Mumbai (BSE), The  |
|National Stock Exchange of India Limited (NSE) & The Calcutta Stock Exchange.      |
|Delisting application filed with The Calcutta Stock Exchange is being processed by |
|the Exchange. The GDRs and FCCBs are listed on the London Stock Exchange.          |
+-----------------------------------------------------------------------------------+
|(I) Information about persons holding more than 15% shares or voting rights.       |
+-----------+-----------------------------------------------------------------------+
|Names of   |Details of Shareholding / Voting rights(in Number and %) of persons as |
|persons    |informed u/r 8(1) to target company.                                   |
|holding    |                                                                       |
|more than  |                                                                       |
|15% shares |                                                                       |
|or voting  |                                                                       |
|rights.    |                                                                       |
+-----------+-----------+-----------+-----------+------------+-----------+----------+
|Names      |As on March|As on March|Changes if |As on record|As on      |Changes if|
|           |31, 2005   |31, 2004   |any between|date for    |record date|any       |
|           |           |           |(A) & (B)  |dividend    |for        |between   |
|           |           |           |           |declared at |dividend.  |(D) & (E) |
|           |           |           |           |the AGM held|           |          |
|           |           |           |           |on 13th     |           |          |
|           |           |           |           |July, 2005  |           |          |
+-----------+-----------+-----------+-----------+------------+-----------+----------+
|           |           |           |           |            |9th July   |          |
|           |           |           |           |            |2004.      |          |
+-----------+-----------+-----------+-----------+------------+-----------+----------+
|           |(A)        |(B)        |(C)        |(D)         |(E)        |(F)       |
+-----------+-----------+-----------+-----------+------------+-----------+----------+
|There is no shareholder holding more than 15% shares or Voting Rights as on the    |
|Record Date for dividend for the year ended 31st March, 2005 other than what is    |
|disclosed under (II) below.                                                        |
+-----------------------------------------------------------------------------------+




                                                                             ..3

                                    .. 3 ..



+-----------------------------------------------------------------------------------+
|(II) Promoter(s) or every person having control over a company and also persons    |
+-----------------------------------------------------------------------------------+
|acting in concert with him.                                                        |
+---------------+-------------------------------------------------------------------+
|Names of       |Shareholding / Voting rights (in number and %)of persons as        |
|promoter(s) or |informed to target company u/r 8(2).                               |
|every person(s)|                                                                   |
|having control |                                                                   |
|over a company |                                                                   |
|and persons    |                                                                   |
|acting in      |                                                                   |
|concert with   |                                                                   |
|him            |                                                                   |
+---------------+---------+----------+---------+------------+------------+----------+
|Names          |As on    |As on     |Changes  |As on record|As on record|Changes if|
|               |March 31,|March 31, |if any   |date for    |date for    |any       |
|               |2005     |2004      |between  |dividend.   |dividend.   |between   |
|               |         |          |(A) & (B)|            |            |(D) & (E) |
|               |         |          |         |            |            |          |
+---------------+---------+----------+---------+------------+------------+----------+
|               |         |          |         |13th July   |9th July    |          |
|               |         |          |         |2005.       |2004.       |          |
+---------------+---------+----------+---------+------------+------------+----------+
|               |(A)      |(B)       |(C)      |(D)         |(E)         |(F)       |
+---------------+---------+----------+---------+------------+------------+----------+
|Ambuja Cement  |                    |         |            |            |          |
|India Ltd.,    |                    |         |            |            |          |
|alongwith its  |                    |         |            |            |          |
|ultimate       |                    |         |            |            |          |
|holding /      |                    |         |            |            |          |
|parent         |                    |         |            |            |          |
|Company,       |                    |         |            |            |          |
|Holcim Ltd.    |Please see note     |NIL      |61961901    |Please see  |61961901  |
|               |below               |         |(34.63)%    |note below  |          |
+---------------+--------------------+---------+------------+------------+----------+
|               |                    |         |            |            |  (34.63%)|
+---------------+--------------------+---------+------------+------------+----------+
|               |                    |         |            |            |Please    |
|               |                    |         |            |            |also see  |
|               |                    |         |            |            |note      |
|               |                    |         |            |            |below     |
+---------------+--------------------+---------+------------+------------+----------+

Note :-
Pursuant to a strategic partnership between the Gujarat Ambuja Group and Swiss
Cement Major Holcim, a public announcement was made on January 21, 2005 by
Holdcem Cements Private Ltd., and Holderind Investments Ltd., affiliates of
Holcim Ltd. about their intention to hike the stake of Ambuja Cement India Ltd.
(ACIL) in ACC from 13.8% to 50.01% by making a voluntary open offer to purchase
6.93 crore equity shares of ACC at Rs.370/- per share from the existing
shareholders. The objective of Holcim to make the open offer is to exercise
management control over the Company through the partnership vehicle - ACIL.
After obtaining the consent of ACC Board, the acquirers have obtained approval
of the Government of India for increasing the shareholding. The open offer
commenced on March 23, 2005 and closed on April 11, 2005.

After closure of the open offer the aggregate shareholding of Ambuja Cements
India Ltd., in ACC is 6,19,61,901 shares of Rs.10/- each which represents 34.63%
of the paid up share capital. Ambuja Cements India Ltd., has accordingly
declared that it has become a

                                    .. 4 ..



promoter alongwith its ultimate holding/parent company Holcim Ltd., in terms of
the SEBI Regulations with effect from April 26, 2005.

Prior to the above open offer, M/s. Ambuja Cement India Limited was holding
2,46,70,000 shares (13.8%) in the Company as on 31st March, 2005 and 31st March,
2004 and as on 9th July, 2004, the Record Date for Dividend for the previous
year.

Thanking you,

Yours faithfully,
For The Associated Cement Companies Limited


(A. Anjeneyan)
Company Secretary

END



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END

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