The National Company Law Tribunal (NCLT) has given its approval for the merger of JK Cement with Toshali Cements, marking a significant development in India's cement industry. The merger is scheduled to take effect from January 1, 2024, as per the sanctioned scheme.

Key Details of the Merger

• Effective Date: The merger will commence from January 1, 2024.
• Approving Authority: The National Company Law Tribunal (NCLT) has sanctioned the merger plan.
• Companies Involved: JK Cement Limited and Toshali Cements Private Limited.

Implications of the Merger

The amalgamation of Toshali Cements with JK Cement is expected to bring about several strategic benefits:

1. Expanded Market Presence: The merger is likely to strengthen JK Cement's position in the cement industry, particularly in regions where Toshali Cements has a strong presence.

2. Operational Synergies: By combining resources and operations, the merged entity can potentially achieve greater operational efficiencies and cost savings.

3. Enhanced Production Capacity: The integration of Toshali Cements' assets with JK Cement's existing infrastructure could lead to an increase in overall production capacity.

4. Diversified Product Portfolio: The merger may result in a more diverse range of cement products, catering to a wider customer base.

Corporate Actions and Regulatory Compliance

As part of the merger process, several corporate actions and regulatory compliances are expected to take place:

• Share Transfer: All shares of Toshali Cements will be transferred to JK Cement.
• Asset and Liability Transfer: The entire business of Toshali Cements, including its assets, liabilities, and obligations, will be transferred to JK Cement.
• Regulatory Filings: Both companies will need to complete necessary filings with the Registrar of Companies and other regulatory bodies to effect the merger.

Outlook

The approval of this merger by the NCLT marks a significant step for JK Cement in its growth strategy. As the cement industry continues to evolve, such consolidations are expected to play a crucial role in shaping the competitive landscape.

Investors and industry observers will be keenly watching how this merger unfolds and its impact on JK Cement's market position and financial performance in the coming years.

Note: This article is based on the latest available information. Stakeholders are advised to refer to official company communications for further details and updates on the merger process.

JK Cement , a prominent player in the Indian cement industry, has announced the unexpected demise of Mr. Saurabh Chandra, an Independent Director of the company. The sad news was conveyed to the stock exchanges through a regulatory filing on September 17, 2025.

Sudden Loss

Mr. Saurabh Chandra, who held the Director Identification Number (DIN) 02726077, passed away on September 16, 2025. The company described his death as an "irreparable loss" to the organization, highlighting the significant role he played in JK Cement's governance structure.

Company's Response

In its official communication, JK Cement expressed deep sorrow over Mr. Chandra's passing. The statement read, "All the Directors and employees express their deep sympathy, sorrow and condolences to his bereaved family." This sentiment underscores the respect and value Mr. Chandra held within the company.

Regulatory Compliance

Adhering to regulatory requirements, JK Cement provided details as mandated under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Mr. Chandra did not hold directorships in any other listed entities at the time of his passing, emphasizing his dedicated focus on JK Cement.

About JK Cement

JK Cement Ltd., with its corporate identification number L17229UP1994PLC017199, is a well-established name in the cement industry. The company's registered office is located at Kamla Tower, Kanpur-208001, Uttar Pradesh, India. JK Cement has a significant presence across various regions with manufacturing units in Rajasthan, Karnataka, Haryana, Madhya Pradesh, Gujarat, and Uttar Pradesh.

The passing of Mr. Saurabh Chandra marks a somber moment for JK Cement, as the company loses a valuable member of its leadership team. His contributions to the company's governance will be remembered as JK Cement continues to navigate the evolving cement industry landscape.