Udaipur Cement Works Limited has informed the Exchange about Scheme of Arrangement
Awaiting price reaction for this filing.
Udaipur Cement Works Ltd (UCWL), along with Hansdeep Industries & Trading Company and Hidrive Developers & Industries, will merge into JK Lakshmi Cement Ltd (JKLC), the listed parent which already holds 71.12% of UCWL. The NCLT Jaipur Bench approved the scheme on 12 June 2025, and the certified order copy was received on 18 July 2025, fixing the effective date as 31 July 2025. The appointed date for the scheme is 1 April 2024, and 25 August 2025 has been set as the record date for determining eligible UCWL shareholders. Shareholders will receive 4 equity shares of JK Lakshmi Cement (face value INR 5) for every 100 shares held in UCWL (face value INR 4); no new shares will be issued for the other two merging entities as they are wholly owned by JKLC. UCWL will be dissolved without winding up and will cease to be a subsidiary of JK Lakshmi Cement.
Existing UCWL shareholders will become shareholders of the larger, listed JK Lakshmi Cement, which may lead to improved liquidity and a re-rating from group consolidation, but UCWL will no longer exist as a separate listed stock. The swap ratio of 4:100 represents the relative valuation assigned by the scheme and is the key number for shareholders to assess.