Description
Record date set for amalgamation scheme where shareholders of Udaipur Cement Works will receive JK Lakshmi Cement shares at 4:100 ratio.
Summary
BSE has announced the amalgamation of Udaipur Cement Works Limited (Scrip Code: 530131) into JK Lakshmi Cement Ltd following NCLT Jaipur Bench approval. The record date for determining shareholder entitlements has been set for August 25, 2025.
Key Points
- Udaipur Cement Works Limited will be merged into JK Lakshmi Cement Ltd
- Composite Scheme of Arrangement approved by NCLT Jaipur Bench
- Share exchange ratio: 4 equity shares of JK Lakshmi Cement (₹5 face value) for every 100 shares of Udaipur Cement Works (₹4 face value)
- Trading suspension effective from August 25, 2025
Regulatory Changes
NCLT-approved amalgamation scheme becomes effective, resulting in the merger of Udaipur Cement Works into JK Lakshmi Cement Ltd.
Compliance Requirements
- Trading members must note the suspension of dealings in Udaipur Cement Works shares
- Shareholders of Udaipur Cement Works will automatically receive JK Lakshmi Cement shares as per the scheme
- No action required from shareholders as the share exchange is automatic
Important Dates
- Record Date: August 25, 2025
- Trading Suspension: Effective August 25, 2025
- Settlement Number: DR-701/2025-2026
Impact Assessment
High impact corporate action affecting all shareholders of Udaipur Cement Works Limited. The 4:100 share exchange ratio significantly consolidates shareholding. Trading suspension will affect liquidity and market operations for the scrip. Shareholders will become part of the larger JK Lakshmi Cement entity.
Impact Justification
Major corporate restructuring affecting shareholders of both companies with mandatory share exchange