Orient Cement Limited has informed the Exchange regarding Notice of Postal Ballot
ORIENTCEM · price
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Awaiting price reaction for this filing.
Orient Cement has sent out a Postal Ballot notice seeking shareholder approval for two ordinary resolutions on material related party transactions (RPTs) for FY 2026-27. The first resolution covers transactions worth ₹4,100 crore with its holding company Ambuja Cements Limited, which includes ₹3,000 crore under Master Supply/Service Agreements (purchase and sale of cement, clinker, raw materials, RMC, power, building materials, services, leases, etc.) and ₹1,100 crore in the form of inter-corporate deposits. The second resolution seeks approval for material RPTs with ACC Limited for FY 2026-27. Ambuja holds 72.66% of Orient Cement, making Orient a subsidiary, and the proposed Ambuja transaction equals about 151% of Orient's consolidated FY25 turnover. The e-voting window runs from March 3, 2026 to April 1, 2026, with February 27, 2026 as the cut-off date. The filing also references a pending Scheme of Amalgamation between Orient Cement and Ambuja with an appointed date of May 1, 2025 and an expected effective date in FY27.
Routine procedural step for Orient Cement as a subsidiary of Ambuja, but the sharp jump in the RPT ceiling (from ₹1,424 crore approved last year to ₹4,100 crore now, partly driven by the planned Sanghi and Penna mergers into Ambuja) is significant. Shareholders should note that related parties cannot vote on these resolutions, and approval is a precondition for normal business operations ahead of the expected FY27 merger with Ambuja.