Orient Cement Shareholders Approve Amalgamation with Ambuja Cements
Orient Cement Limited's equity shareholders approved the Scheme of Amalgamation with Ambuja Cements Limited on September 28, 2026. The resolution passed with the required majority. The promoter group authorized approximately 14.90 crore shares for the vote, representing 72.66% of paid-up capital.
The amalgamation of Orient Cement with Ambuja Cements is a major corporate action that will significantly alter the company's structure and market position.
The shareholders have approved the amalgamation scheme, which is a significant positive step for the company's future.
Orient Cement Limited held a meeting of its Equity Shareholders on September 28, 2026, convened as per the order of the Hon’ble National Company Law Tribunal, Ahmedabad Bench. The meeting was conducted through Video Conferencing/Other Audio-Visual Means to consider and approve the Scheme of Amalgamation of Orient Cement Limited with Ambuja Cements Limited.
The resolution approving the Scheme was passed by the requisite majority of the Company’s Equity Shareholders, including Public Shareholders, in accordance with the NCLT Order, the Companies Act, 2013, and the SEBI Master Circular dated June 20, 2023. The voting results and Scrutinizer’s Reports have been enclosed as per SEBI Listing Regulations.
The NCLT Convened Meeting was chaired by Dr. Madan Bhalachandra Gosavi, the NCLT-appointed Chairman. Directors including Mr. Vinod Bahety (Non-Executive Chairman), Ms. Shruti Shah, Mr. Sudhir Nanavati, and Mr. Ravi Kapoor (Independent Directors) attended the meeting. The promoter/promoter group provided authorization covering approximately 14.90 crore shares, representing 72.66% of the Company’s paid-up share capital. Remote e-voting commenced on September 23, 2026, and concluded on September 27, 2026. The resolution was approved with a requisite statutory majority under Section 230 of the Companies Act, 2013, and a requisite statutory majority of Public Shareholders under the SEBI Master Circular.
What to do with a filing like this
Orient Cement Limited filed this with the NSE as a statutory disclosure, categorised under amalgamation. 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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See the model portfoliosA plain-language summary of a public exchange filing by Orient Cement Limited. Read the original for the full detail.