Orient Cement Limited — Others, 16-06-2025: Shareholders meeting

Orient Cement Limited has announced a board meeting to seek shareholder approval via postal ballot/e-voting for key changes including appointment of Mr. Vinod Bahety and Mr. Rakesh Kumar Tiwary as Non-Executive Directors, and Mr. Vaibhav Dixit as Whole Time Director and CEO, all without remuneration. Terms for Independent Directors Mr. Sudhir Nanavati, Mr. Ravi Kapoor, and Ms. Shruti Shah are proposed for three years. Approvals are sought for Material Related Party Transactions with Ambuja Cements (up to Rs. 1,424 Cr), ACC (up to Rs. 1,250 Cr), and Adani Enterprises (up to Rs. 550 Cr). A new Statutory Auditor, M/s G.K. Choksi & Co., is proposed to fill a vacancy, and cost auditor remuneration has been ratified. The Registered Office is planned to shift from Odisha to Gujarat to enhance operational efficiency and management control. These moves aim to strengthen leadership, governance, and operational synergy, impacting corporate management and shareholders.