Orient Cement shareholders to vote on Ambuja Cements amalgamation scheme
- Orient Cement shareholders will vote on the amalgamation scheme with Ambuja Cements on September 28, 2026
- The NCLT Ahmedabad Bench directed the meeting following its order dated July 20, 2026
- Remote e-voting runs from September 23 to September 27, 2026
- Approval requires three-fourths majority in value and support from public shareholders
*this image is generated using AI for illustrative purposes only.
Orient Cement has scheduled a meeting of equity shareholders for September 28, 2026, to consider and approve the scheme of amalgamation with Ambuja Cements Limited. The arrangement follows an order dated July 20, 2026, by the National Company Law Tribunal (NCLT), Ahmedabad Bench.
The meeting will be held via video conferencing or other audio-visual means at 10:30 am IST. Physical attendance is not permitted in compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India circulars. Dr. Madan Bhalachandra Gosavi, a former NCLT member, has been appointed as the chairman of the meeting.
Voting Mechanics and Timeline
Shareholders can cast their votes through remote e-voting or during the meeting. The remote e-voting period opens on September 23, 2026, at 9:00 am and closes on September 27, 2026, at 5:00 pm. Central Depository Services (India) Limited is facilitating the e-voting process.
| Event | Date | Time |
|---|---|---|
| Remote e-voting starts | September 23, 2026 | 9:00 am |
| Remote e-voting ends | September 27, 2026 | 5:00 pm |
| Shareholder meeting | September 28, 2026 | 10:30 am |
The cut-off date for determining voting rights is September 21, 2026. Only shareholders registered on this date are eligible to vote. The scheme requires approval from a majority of persons representing three-fourths in value of the equity shareholders voting. Additionally, under SEBI guidelines, the number of votes cast by public shareholders in favor must exceed those against it.
Regulatory Approvals and Next Steps
The scheme remains subject to subsequent approval by the NCLT and other necessary regulatory clearances. M/s Khan & Khan has been appointed as the scrutinizer for the e-voting process. The results, along with the scrutinizer’s report, will be displayed on the company’s website and communicated to stock exchanges by September 30, 2026.
Notice of the meeting and the explanatory statement were dispatched electronically on August 26, 2026, to shareholders with registered email addresses. The documents are also available on the company’s website and the websites of BSE Limited and National Stock Exchange of India Limited.
Historical Stock Returns for Orient Cement
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.28% | +1.50% | -1.79% | -16.67% | -43.34% | -11.06% |
How might the successful amalgamation of Orient Cement and Ambuja Cements impact market consolidation and pricing power in the Indian cement sector?
What are the expected synergies and cost-saving measures Ambuja Cements plans to implement post-merger to enhance operational efficiency?
Could the integration of Orient Cement's assets lead to significant changes in regional market share dynamics, particularly in Western India?
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