Orient Cement shareholders approve Ambuja Cements merger scheme
ORIENTCEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 0.1 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Orient Cement shareholders approved the Scheme of Amalgamation with Ambuja Cements Limited at an NCLT-convened meeting on Sept 28, 2026. Promoters voted 100% in favour with about 14.93 crore shares. Public shareholders voted 78.85% in favour (1.35 crore shares yes versus 36 lakh against). Overall approval was 97.83%. The resolution also cleared the separate SEBI public shareholder majority test. Next steps are NCLT and other statutory approvals.
Merger moves closer to completion. Upon final approval, Orient shareholders will receive Ambuja Cements shares per the agreed swap ratio.