Newspaper advertisement for Notice of hearing of Company Scheme Petition
Awaiting price reaction for this filing.
Udaipur Cement Works has submitted newspaper advertisements notifying the next hearing date for the Composite Scheme of Amalgamation before the NCLT Jaipur Bench. The scheme proposes merging Udaipur Cement Works, Hansdeep Industries & Trading, and Hidrive Developers & Industries into JK Lakshmi Cement. The NCLT admitted the petition on 17th April 2025, and the next hearing is scheduled for 29th May 2025. The notices were published in Financial Express, Indian Express, Rashtradoot (Udaipur), and Jagruk Times (Sirohi). Any person supporting or opposing the petition must file their notice at least 2 days before the hearing date.
This is a procedural update in an ongoing merger process. Udaipur Cement Works shareholders will eventually become shareholders of JK Lakshmi Cement once the scheme is approved. The approaching hearing date brings the merger closer to a potential final ruling, but no immediate share price catalyst is expected.