The India Cements Limited has submitted the Exchange a copy Srutinizers report of Court Convened General Meeting held on September 27, 2025. Further, the company has informed the Exchange regarding voting results.
INDIACEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The India Cements Limited has submitted the Scrutinizer's Report and voting results of the Court Convened Meeting of equity shareholders held on September 27, 2025, as directed by the NCLT Chennai. The meeting considered the Scheme of Amalgamation of four wholly-owned subsidiaries — ICL Financial Services Limited, ICL International Limited, ICL Securities Limited, and India Cements Infrastructures Limited — into The India Cements Limited. Shareholders approved the scheme with overwhelming majority: 526 shareholders (95.637%) holding 27,77,49,515 shares (99.9989% of valid votes) voted in favour, while only 24 shareholders with 2,954 shares (0.0011%) voted against. This is a purely internal restructuring between the parent company and its fully-owned subsidiaries and does not affect shareholder ownership or shareholding structure.
Since this is an internal amalgamation of wholly-owned subsidiaries into the parent, there is no change in shareholding pattern, no swap ratio for public shareholders, and minimal direct impact on the stock price. The next step is NCLT's final sanction of the scheme, after which the merged entities will simplify the corporate structure of India Cements.