JK Lakshmi Cement Receives NCLT Approval for Its Merger with Udaipur Cement Works & Others

JK Lakshmi Cement Ltd. has been sanctioned by the National Company Law Tribunal (NCLT) for its amalgamation plan, consolidating Udaipur Cement Works Ltd., Hansdeep Industries & Trading Co., and Hidrive Developers & Industries. The consolidation will simplify the corporate hierarchy and enhance operating efficiency.

Key Highlights:

NCLT sanctions JK Lakshmi Cement merger with Udaipur Cement Works, Hansdeep Industries & Hidrive Developers.

Transition to simplify operations and enhance financial performance.

Udaipur Cement Works shareholders will receive four JK Lakshmi Cement shares per 100 UCWL shares.

BSE and NSE released 'No adverse observation' letters, overcoming regulatory challenges.

JK Lakshmi Cement aims for growth to 30 MTPA capacity by 2030, via realization of merger synergies.

This strategic alignment underlines JK Lakshmi Cement's growth and efficiency focus, positioning the company to realize long-term industry leadership.

Source: Udaipur Cement Works | JK Lakshmi Cement | Economic Times