Orient Cement Limited has informed the Exchange about a Copy of the Newspaper Publications regarding Corrigendum to the Notice of Postal Ballot dated May 29, 2025.
ORIENTCEM · price
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Orient Cement Limited (part of the Adani Group) has published a corrigendum in Business Standard and Pratidin newspapers regarding its Postal Ballot Notice originally issued on May 29, 2025. The corrigendum clarifies that resolutions at Item Nos. 5, 6, and 7 of the Postal Ballot should be treated as Special Resolutions instead of Ordinary Resolutions. A revised Postal Ballot Notice was emailed to members on June 16, 2025. All other contents of the original Postal Ballot Notice remain unchanged. The company is listed on BSE (Scrip Code: 535754) and NSE (Scrip Code: ORIENTCEM).
This is a procedural correction that raises the approval threshold for resolutions 5, 6, and 7 to 75% (special resolution) from a simple majority (ordinary resolution), making it harder to pass these items. Shareholders should review the revised Postal Ballot Notice to understand the nature of these resolutions before voting, as they likely involve more significant corporate matters.