JK Lakshmi Cement has received approval from its Committee of Directors for the acquisition of 77.96% equity shareholding in NECEM Cements Ltd. The committee meeting held on March 12, 2026, formally approved the strategic acquisition deal valued at ₹19 crore plus takeover of certain past liabilities.

Regulatory Approval and Agreement Details

The Committee of Directors meeting, which commenced at 4:00 PM and concluded at 5:30 PM, considered and approved the acquisition under Regulation 30 of SEBI Listing Regulations. Following the approval, JK Lakshmi Cement has entered into a Share Purchase Agreement with NECEM and its promoters/shareholders. The transaction is expected to be completed on or before March 31, 2026.

Target Company Profile

NECEM Cements Ltd., incorporated on September 3, 1985, operates from its registered office in Guwahati, Assam. The company's financial performance shows revenue from operations of ₹1.56 crore and a net loss of ₹4.59 crore for the financial year ended March 31, 2025, with total assets of ₹11.31 crore.

Strategic Value and Expansion Plans

The acquisition provides JK Lakshmi Cement access to approximately 150 bigha of council leased land with captive mining rights in Assam, featuring limestone reserves of approximately 40 million tonnes. The company plans to utilize NECEM's assets along with additional adjacent land to establish a clinkerisation unit of 0.95 million tonnes and a cement grinding unit of 0.95 million tonnes.

This strategic move aligns with JK Lakshmi Cement's vision of achieving 30 million tonnes capacity and graduating to a large-sized cement group. The acquisition will strengthen the company's footprint in North East India while securing long-term limestone reserves to support sustainable investment in the region. The transaction does not involve any related party transactions, with no promoter or group company interests in the acquired entity.

JK Lakshmi Cement has announced the opening of a special window for transfer and dematerialisation of physical securities, pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. The company published a notice on February 26, 2026, informing investors about this facility designed to ease investing processes and secure shareholder rights.

Special Window Timeline and Scope

The special window will remain operational for one year, from February 5, 2026 to February 4, 2027. This facility specifically covers physical securities that were sold or purchased prior to April 1, 2019. The window also accommodates transfer requests that were previously submitted but were rejected, returned, or not processed due to document deficiencies or procedural issues.

Transfer Conditions and Restrictions

Securities transferred under this special window will be mandatorily credited to the transferee only in demat mode. These securities will remain under lock-in for one year from the date of registration of transfer. During the lock-in period, such securities cannot be transferred, lien marked, or pledged.

The special window covers Transfer Deeds that were executed prior to April 1, 2019, including those that faced processing issues in the past. This comprehensive approach ensures that investors who previously encountered difficulties can now complete their transfer processes.

Process and Contact Information

Investors wishing to avail this opportunity must contact the company's Registrar and Share Transfer Agent - MCS Share Transfer Agent Ltd. The registrar is located at 179-180, DSIDC Shed, 3rd Floor, Okhla Industrial Area, Phase - 1, New Delhi - 110020.

The company has emphasized that transfer requests submitted after February 4, 2027 will not be accepted by the Company or RTA. The detailed procedure for transfer of securities and conditions to be fulfilled by investors are available in the SEBI circular, which can be accessed through the company's website.

Regulatory Compliance

The notice was signed by Company Secretary Amit Chaurasia and communicated to both BSE Ltd. (Security Code: 500380) and National Stock Exchange of India Ltd. (Symbol: JKLAKSHMI, Series: EQ) on February 26, 2026. The company has also reminded shareholders holding shares in physical form to dematerialize their shares and complete their KYC requirements, including email address and bank account details, with the company's RTA.