Orient Cement Ltd

Orient Cement Limited's Board of Directors has approved the acquisition of a 9.04% stake in Vena Energy KN Wind Power Private Limited. The acquisition involves equity shares and cumulative convertible preference shares. Vena Energy operates a 46 MW wind power project in Karnataka and reported a turnover of Rs. 59,85,40,672/- as of March 31, 2025. The primary objective for Orient Cement is to offtake contracted electricity from the project for captive consumption. The acquisition is expected to be completed by August 31, 2026, with a cash consideration of Rs. 12,34,350/-.

Orient Cement Limited announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors also approved the acquisition of a 9.04% stake in Vena Energy KN Wind Power Private Limited. The acquisition involves 25,665 equity shares and 9,777 cumulative convertible preference shares for a cash consideration. Vena Energy operates a 46 MW wind power project in Karnataka and is engaged in renewable energy generation. The acquisition is expected to be completed by August 31, 2026, with the company intending to off-take electricity generated from the project under a captive consumption framework. The financial results and acquisition details were submitted to the stock exchanges and uploaded on the company's website.

Standalone revenue fell 30.3% YoY to ₹604 Cr and PAT dropped 62.5% to ₹77 Cr, though profit recovered 38.9% sequentially off a weak Q4 (₹55 Cr). Both headline declines overstate the operating reality. First, freight and forwarding charges collapsed from ₹200 Cr a year ago to ₹31 Cr — a ₹169 Cr swing far larger than any volume move and a signature of a shift to ex-factory sales terms that mechanically compresses reported revenue; netting freight out, the topline fell a milder ~14%. Second, the year-ago quarter carried a ~₹61 Cr net tax credit (Section 115BAA deferred-tax remeasurement), so on a normalized tax base PAT is down ~27% YoY, not ~63%. Operationally the quarter was better than the bottom line reads: EBITDA margin expanded to ~23.8% (EBITDA ₹144 Cr) from 21.1% a year ago and 16.7% last quarter — consistent with the cost-discipline reset management laid out on the Q4 call (targeting a ₹250/tonne cost cut in FY27 off a ₹4,500/tonne peak). The squeeze sits entirely below the operating line: net margin of 12.75% versus 23.6% a year ago is a tax-optics artifact, not falling profitability. EPS was ₹3.76 against ₹10.00 a year ago and ₹2.70 in Q4. Against management's FY27 guidance of ~8% volume growth, a reported revenue decline of this size is an early topline undershoot even with cost discipline tracking — the July 28 analyst call should clarify how much of the drop is genuine volume versus the freight reclassification. No pre-result street consensus was published for this mid-cap, so the print can't be scored beat/miss on estimates. Alongside results, the board flagged two capital-allocation moves: a ₹450 Cr inter-corporate deposit to parent Ambuja Cements at 8% (repayable March 2027), upstreaming cash to the promoter, and a token ₹12.3 lakh purchase of 9.04% in Vena Energy KN Wind (a 46 MW Karnataka project) for captive renewable power. The amalgamation into Ambuja advances to an NCLT-directed shareholder vote on September 28, 2026; with no subsidiaries, only standalone results apply.

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.

Orient Cement Ltd has announced that SES ESG Research Private Limited (SES ESG) has assigned an Environmental, Social, and Governance (ESG) rating of 70.6 (Grade B+) – Medium risk to the company for the Financial Year 2026. This intimation is in accordance with Regulation 30 of SEBI Listing Regulations and will also be published on the company's official website.

Orient Cement Ltd has announced that its Board of Directors will convene on July 23, 2026, to consider and approve the Unaudited Financial Results for the quarter ended June 30, 2026. In line with SEBI regulations, the trading window for the company's securities will be closed from July 1, 2026, and will reopen 48 hours after the results announcement. The company also plans to host an investor/analyst call on July 28, 2026, to discuss the financial performance and business outlook for the quarter. Further details regarding the investor call will be provided on the company's website.

Orient Cement Ltd has announced the closure of its trading window for dealing in the company's securities. This closure will be effective from July 1, 2026, and will remain in effect until 48 hours after the announcement of the Unaudited Financial Results for the quarter ended June 30, 2026. The specific date for the board meeting to approve these financial results will be communicated later. This measure is in compliance with SEBI PIT Regulations.

Orient Cement Ltd has received 'no adverse objection' letters from BSE and 'no objection' from NSE regarding its proposed Scheme of Amalgamation with Ambuja Cements Ltd. This follows the Board's approval of the scheme under Sections 230-232 of the Companies Act, 2013. The scheme is still subject to further statutory, regulatory, and shareholder/creditor approvals. SEBI has provided specific comments on the draft scheme, emphasizing disclosure of ongoing proceedings, website updates, compliance with master circulars, and ensuring financials are not older than six months. The observation letters will be available on the company's website.

Orient Cement Ltd has issued a notice to its shareholders regarding the specimen copy of a notice sent to them. This notice informs shareholders about equity shares that are liable to be transferred to the Investor Education and Protection Fund (IEPF) due to unpaid or unclaimed dividends for seven consecutive years or more, starting from the dividend paid for the financial year 2018 onwards. The company is reminding shareholders to claim their unpaid dividends by August 20, 2026, to avoid their underlying shares being transferred to the IEPF. Shareholders can claim both unclaimed dividends and shares from the IEPF Authority using Form IEPF-5.

Orient Cement Ltd. will hold its 15th Annual General Meeting on June 26, 2026, via video conferencing. The Integrated Annual Report for FY 2025-26, including the Notice of AGM and Business Responsibility and Sustainability Report, has been sent electronically to members and is available on the company's website. The report highlights financial performance, strategic priorities, and sustainability initiatives.