India Cements has successfully completed the amalgamation of its four wholly owned subsidiaries, marking a significant milestone in the company's corporate restructuring initiative. The scheme became effective on March 28, 2026, following regulatory approvals and compliance with all statutory requirements.

Amalgamation Details

The scheme involves the merger of four wholly owned subsidiaries with the parent company:

Regulatory Approval and Implementation

The company received the certified copy of the order from the Hon'ble National Company Law Tribunal, Chennai Bench sanctioning the scheme. The order has been subsequently filed with the Registrar of Companies, Chennai, Tamil Nadu, ensuring full compliance with regulatory requirements.

Asset and Liability Transfer

Under the amalgamation scheme, all assets and liabilities of the four subsidiaries have been transferred to India Cements Limited from the appointed date of January 1, 2025. The transfer encompasses the complete business operations and financial obligations of these entities.

Following the completion of the amalgamation, all four subsidiaries - ICLFSL, ICLIL, ICLSL, and ICIL - stand dissolved without winding up procedures. This corporate restructuring consolidates the group's operations under the parent entity, streamlining the organizational structure.

Corporate Structure

India Cements Limited operates as a subsidiary of UltraTech Cement Limited and maintains its registered office at Dhun Building, 827, Anna Salai, Chennai. The company continues its cement manufacturing operations while integrating the dissolved subsidiaries' business activities into its consolidated structure.

India Cements Limited has secured approval from the National Company Law Tribunal (NCLT) Chennai for its comprehensive amalgamation scheme involving four wholly owned subsidiaries. The tribunal's sanction represents a significant step in the company's corporate restructuring initiative.

NCLT Approval Details

The Hon'ble National Company Law Tribunal, Chennai sanctioned the scheme through its order dated 9th March, 2026. The tribunal's order was made available on its official website on 12th March, 2026, though the company is still awaiting the certified copy of the order.

Subsidiaries Involved in Amalgamation

The scheme encompasses the merger of four wholly owned subsidiaries with the parent company. These transferor companies represent different business verticals under the India Cements umbrella.

Implementation Process

The company has outlined the next steps for making the amalgamation scheme effective. Upon receipt of the certified true copy of the NCLT order, India Cements will file the necessary documentation with the Registrar of Companies, Chennai. This filing will formally activate the merger scheme and complete the legal process.

Corporate Structure Impact

The amalgamation scheme operates under Sections 230-232 of the Companies Act, 2013, ensuring compliance with regulatory requirements. The appointed date of 1st January, 2025 establishes the effective commencement date for the merger, providing clarity on the timeline for integration of operations and assets.

This development follows the company's earlier communication dated 26th April, 2025, indicating a structured approach to the amalgamation process. The successful NCLT approval marks a crucial milestone in India Cements' corporate restructuring strategy.