JK Lakshmi Cement Limited — Updates, 18-07-2025: Scheme of Arrangement

JK Lakshmi Cement's board has approved the Composite Scheme of Amalgamation, following the NCLT's sanction. This scheme, effective July 31st pending ROC filing, will merge Udaipur Cement Works Ltd., Hansdeep Industries & Trading Company Ltd., and Hidrive Developers and Industries Limited into JK Lakshmi Cement. Shareholders of Udaipur Cement Works Ltd. will receive 4 JK Lakshmi Cement shares (₹5 each) for every 100 of their shares (₹4 each) held as of August 25th. This consolidation aims to simplify the group structure, enhance operational efficiency, reduce costs, and unlock value by creating a single, stronger cement-focused entity with an increased authorized share capital of 721.51 Cr.