Kesoram Industries Limited — Updates, 25-02-2025: Scheme of Arrangement

Kesoram Industries Limited has announced a board meeting to confirm the effectiveness of the Composite Scheme of Arrangement with UltraTech Cement Limited, set to take effect from 1st March 2025. The company has established 10th March 2025 as the Record Date to determine eligible shareholders for new equity shares of the Resulting Company, with each shareholder receiving one share for every 52 shares held. Additionally, specific allocations of redeemable preference shares have been outlined for current preference shareholders. This strategic move may enhance shareholder value and improve investor sentiment, offering a positive outlook as the companies transition to this new arrangement.