Udaipur Cement Works Limited has informed the Exchange that Record date for the purpose of determining names of the eligible shareholders of the Company to whom shares of Amalgamated company will be issued and allotted is 25th August 2025
Awaiting price reaction for this filing.
Udaipur Cement Works Ltd (UCWL) has received the certified copy of the NCLT Jaipur order dated 12 June 2025 sanctioning the Composite Scheme of Amalgamation with JK Lakshmi Cement Ltd. (its parent, holding 71.12%). UCWL, along with two other entities (Hansdeep Industries and Hidrive Developers), will merge into JK Lakshmi Cement. The scheme is set to be effective from 31 July 2025, after filing with the ROC. The record date for determining eligible shareholders is fixed at 25 August 2025. Swap ratio: 4 equity shares of JK Lakshmi Cement (face value Rs 5) for every 100 equity shares held in UCWL (face value Rs 4). Post-merger, UCWL will cease to exist as a separate listed entity and will no longer be a subsidiary of JK Lakshmi Cement.
UCWL shareholders will receive shares of JK Lakshmi Cement at the fixed swap ratio and need to hold shares as of 25 August 2025 to be eligible. UCWL stock will likely see reduced trading activity as the merger nears completion, and the listing may eventually be delisted. This consolidation is expected to simplify the group structure and improve operational efficiencies.