Orient Cement Shareholder Meeting Set for Amalgamation Approval

Orient Cement Limited has announced a significant update regarding its Scheme of Amalgamation with Ambuja Cements Limited. The National Company Law Tribunal (NCLT), Ahmedabad Bench, has ordered Orient Cement to convene a meeting of its equity shareholders on September 28, 2026. This meeting, to be held via video conference, will seek approval for the proposed amalgamation scheme. The NCLT's order follows previous disclosures made by the company. The amalgamation aims to merge Orient Cement (Transferor Company) with Ambuja Cements (Transferee Company) as a going concern, with the potential dissolution of Orient Cement and issuance of new shares by Ambuja Cements based on a determined share exchange ratio. The appointed date for the amalgamation is May 1, 2025.