The India Cements Limited has informed the Exchange regarding Proceedings of Court Convened General Meeting held on September 27, 2025
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India Cements held court-convened meetings on September 27, 2025, as directed by the NCLT Chennai, to seek approval for the amalgamation of four of its entities — ICL Financial Services, ICL International, ICL Securities, and India Cements Infrastructures — into India Cements Limited. The equity shareholders' meeting ran from 10:00 AM to 10:35 AM IST, and the unsecured creditors' meeting ran from 12:00 noon to 12:30 PM IST, both conducted via video conferencing. The only item on the agenda was the approval of this scheme of amalgamation and its respective shareholders. India Cements is a subsidiary of UltraTech Cement, so this is essentially an internal restructuring/consolidation exercise. Voting results from both meetings will be shared with the exchanges separately.
This is an internal consolidation of subsidiaries into the listed entity India Cements, with no new shares expected to be issued to outside shareholders. Shareholders should watch for the voting results announcement, as approval will move the scheme closer to NCLT sanction and final implementation, simplifying the corporate structure of India Cements.