The Hon’ble NCLT, Jaipur Bench, has approved the Composite Scheme of Amalgamation and Arrangement involving Udaipur Cement Works Ltd. (UCWL), Hansdeep Industries & Trading Co. Ltd., and Hidrive Developers & Industries Ltd. with JK Lakshmi Cement Ltd. (JKLC).
This strategic merger aims to consolidate the group’s cement business under one listed entity, simplify the corporate structure, unlock value for shareholders, and enhance operational and financial efficiency. The integration is expected to strengthen market positioning and drive long-term growth in the cement sector.
Swap Ratio: For every 100 equity shares of UCWL (â‚ą4 face value), shareholders will receive 4 equity shares of JKLC (â‚ą5 face value).
(No shares are issued for Hansdeep & Hidrive since they are wholly owned by JKLC).
Record Date: August 25, 2025
Post-merger, UCWL and the other transferor companies will be dissolved, with JK Lakshmi Cement Ltd. emerging as the sole listed entity of the group’s cement operations.
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