JK Lakshmi Cement Acquires 77.96% Stake in NECEM Cements for ₹19 Crore
JK Lakshmi Cement will acquire 77.96% of NECEM Cements for ₹19 Crore plus liabilities. NECEM has 40 Million Tonnes of limestone reserves in Assam. The acquisition aims to boost JKLAKSHMI's capacity to 30 Million Tonnes and expand its North East presence. Completion is expected by March 31, 2026.
The acquisition is significant as it involves a substantial stake in another cement entity, enhances production capacity, secures critical raw material reserves, and expands geographical footprint, which are all material factors for the company's future growth and market position.
The acquisition is positive as it expands the company's capacity, strengthens its market presence in the North East, and secures significant limestone reserves, aligning with its long-term strategic vision.
JK Lakshmi Cement Limited (JKLAKSHMI) has announced the acquisition of a 77.96% equity shareholding in NECEM Cements Ltd. (‘NECEM’). The decision was approved by the Committee of Directors during a meeting held on Thursday, 12th March 2026, which commenced at 4:00 PM and concluded at 5:30 PM.
Following the approval, JKLAKSHMI entered into a Share Purchase Agreement with NECEM and its Promoters/other Shareholders. NECEM Cements Ltd., incorporated on 3rd September 1985 and located in Guwahati, Assam, operates in the cement industry. For the Financial Year ended 31st March 2025, NECEM reported a total revenue from operations of ₹1.56 Crore, a Profit After Tax (PAT) of ₹(4.59) Crore, and total assets of ₹11.31 Crore. The acquisition does not involve related parties, and promoters/group companies have no interest in NECEM.
NECEM possesses approximately 150 Bigha of Council leased land with a small township and captive mining rights in Assam, holding limestone reserves of approximately 40 Million Tonnes. This acquisition, along with adjacent land, will be utilized to set up a Clinkerisation Unit of 0.95 Million Tonnes and a Cement Grinding Unit of 0.95 Million Tonnes. This strategic move is expected to accelerate JKLAKSHMI’s vision of achieving 30 Million Tonnes in capacity and strengthen its footprint in the North East region, supporting long-term sustainability.
The consideration for the acquisition is ₹19 Crore in cash, plus the takeover of certain past liabilities. The acquisition is expected to be completed on or before 31st March 2026.
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JK Lakshmi Cement Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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