JK Lakshmi Cement to Acquire 77.96% Stake in NECEM Cements Ltd for ₹ 19 Crore Plus Liabilities

JK Lakshmi Cement Ltd has approved the acquisition of 77.96% equity shareholding of NECEM Cements Ltd. The target entity, NECEM, has a leased land with a small township and captive mining rights in Assam, having limestone reserves of approximately 40 Million Tonnes. The acquisition will enable JK Lakshmi Cement to set up a Clinkerisation Unit of 0.95 Million Tonnes & Cement Grinding Unit of 0.95 Million Tonnes, strengthening its footprint in the North East and contributing to its vision of achieving 30 Million Tonnes. The acquisition is expected to be completed by 31st March 2026 for a cash consideration of ₹ 19 Crore plus takeover of certain past liabilities.