JK Lakshmi Cement Limited has informed the Exchange about Scheme of Arrangement

Nclt Scheme FiledListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

JKLAKSHMI · price

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Price reactionminutes from the announcement price · days from the prior close

+0.8%Reaction day

₹987.05

prior close

₹994.45

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.2%+1.0% vs market

Cement & Cement Products peers, median of 34sector+1.0%-0.2% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 0.2 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.8-0.2+1.0+1.0-0.2

Next day

+2.3-0.2+2.5+1.3+1.0

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-5.0-2.6-2.4-0.6-4.4

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15d

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-10.0-2.2-7.8+3.7-13.7

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UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

JK Lakshmi Cement has received the certified copy of the NCLT Jaipur order (pronounced 12 June 2025) sanctioning the Composite Scheme of Amalgamation of three group companies into itself: Udaipur Cement Works Ltd (UCWL, listed 71.12% subsidiary), Hansdeep Industries & Trading Company Ltd (HITCL, unlisted wholly owned), and Hidrive Developers and Industries Ltd (HDIL, unlisted wholly owned). The scheme will be effective from 31 July 2025, with appointed date of 1 April 2024. Per the swap ratio, eligible UCWL shareholders will receive 4 equity shares of JK Lakshmi Cement (₹5 face value) for every 100 shares held in UCWL (₹4 face value). Record date for UCWL shareholders is 25 August 2025. No new shares will be issued for HITCL and HDIL since they are wholly owned. Upon effectiveness, UCWL, HITCL and HDIL will stand dissolved and cease to exist as subsidiaries.

Likely market impact

This consolidation brings all cement operations under a single listed entity (JK Lakshmi Cement), which should help command better market multiples versus the previously fragmented structure and unlock operational and cost synergies. Existing JK Lakshmi Cement shareholders will see the company grow in scale with the merger; UCWL public shareholders will become shareholders of JK Lakshmi Cement at the 4:100 swap ratio.