NCLT orders shareholder meeting for Orient Cement-Ambuja amalgamation
ORIENTCEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ambuja Cements already holds 72.66% of Orient Cement (46.66% via share purchase in April 2025 plus 26% via open offer in June 2025). NCLT Ahmedabad has directed both firms to hold equity shareholder meetings on September 28, 2026 via video conference to approve the merger. Orient Cement will merge into Ambuja Cements with May 1, 2025 as the appointed date. Orient Cement shareholders will receive Ambuja shares per the share exchange ratio. Unsecured creditor meetings dispensed with.
Shareholders vote on the merger on Sept 28, 2026. If approved, Orient Cement shareholders get Ambuja shares per exchange ratio and Orient Cement dissolves.