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Udaipur Cement Works Limited conducted meetings for equity shareholders and unsecured creditors to approve a Composite Scheme of Amalgamation involving JK Lakshmi Cement and two other companies. Voting was held virtually, with 105 unsecured creditors and 199 equity shareholders participating, achieving an overwhelming approval for the scheme. Unsecured creditors voted 99.99% in favor, while equity shareholders recorded 99.95% support, reflecting strong consensus. This strategic move aims to bolster operational synergies and financial stability. Investors may view this development positively, anticipating enhanced competitiveness and value creation in the cement sector.