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 ....
Awaiting price reaction for this filing.
Udaipur Cement Works Ltd (UCWL), along with Hansdeep Industries & Trading Company Ltd and Hidrive Developers & Industries Ltd, will merge into JK Lakshmi Cement Ltd. The NCLT Jaipur Bench sanctioned the Composite Scheme of Amalgamation on 12 June 2025, with the certified copy received on 18 July 2025. The scheme will be effective from 31 July 2025, subject to filing with the Registrar of Companies. The swap ratio is fixed at 4 equity shares of JK Lakshmi Cement (face value ₹5) for every 100 equity shares of UCWL (face value ₹4). The Record Date to identify eligible UCWL shareholders is Monday, 25 August 2025. UCWL, currently a 71.12% subsidiary of JK Lakshmi Cement, will cease to exist as a separate entity post-merger.
UCWL shareholders holding shares as of 25 August 2025 will receive JK Lakshmi Cement shares at the swap ratio, and UCWL stock will eventually be delisted from exchanges as the company merges into the larger JK Lakshmi Cement entity. Investors should note that the effective holding value will now depend on JK Lakshmi Cement's market performance post-merger.