JK Lakshmi Cement Limited has informed the Exchange about intimation regarding Order of NCLT, Jaipur Bench.

Listed Co AcquisitionNclt Scheme FiledStrategic Transactions View source PDF Explain this filing

JKLAKSHMI · price

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

+0.5%Reaction day

₹829.55

prior close

₹829.00

announcement price

After-mkt

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.3%+0.9% vs market

Cement & Cement Products peers, median of 34sector-0.6%+1.1% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.1 pts more 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

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15m

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Sessions after the filingfrom the prior close

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Reaction day

+0.5-0.3+0.9-0.6+1.1

Next day

-1.4-0.0-1.4-0.5-0.9

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-2.5-1.3-1.2-1.9-0.6

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15d

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+17.2+1.4+15.7+2.0+15.2

+9.6-2.7+12.3+2.9+6.7

+9.7+0.1+9.6+5.4+4.3

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

The NCLT Jaipur Bench has sanctioned the Composite Scheme of Amalgamation and Arrangement on June 12, 2025, under which three group companies — Udaipur Cement Works Ltd. (UCWL), Hansdeep Industries & Trading Company Ltd. (HITCL), and Hidrive Developers & Industries Ltd. (HDIL) — will merge into JK Lakshmi Cement Ltd. UCWL is a 71.12% listed subsidiary, while HITCL and HDIL are wholly-owned unlisted subsidiaries of JK Lakshmi Cement. As per the swap ratio, shareholders of UCWL will receive 4 equity shares of JK Lakshmi Cement (face value INR 5) for every 100 shares held in UCWL (face value INR 4); no new shares will be issued for HITCL and HDIL since they are wholly owned. The appointed date for the scheme is April 1, 2024, and it becomes effective only after filing the certified NCLT order with the Registrar of Companies. Once effective, the three transferor companies will be dissolved and cease to exist as subsidiaries of JK Lakshmi Cement.

Likely market impact

This is a positive structural move for shareholders — consolidating the group's cement business into a single listed entity is expected to unlock better market valuations, reduce compliance costs, and create operational synergies. UCWL shareholders will receive JK Lakshmi Cement shares as per the swap ratio, while existing JK Lakshmi Cement holders benefit from a larger, more streamlined company.