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.

JK Cement Limited, a leading cement manufacturer in India, has received approval from the National Company Law Tribunal (NCLT) for the amalgamation of its wholly-owned subsidiary, Toshali Cements Private Limited. The NCLT Allahabad Bench sanctioned the Scheme of Amalgamation on September 12, 2025, marking a significant milestone in JK Cement's corporate restructuring efforts.

Key Highlights of the Merger

• The merger will be effective from January 1, 2024, as per the appointed date specified in the scheme.
• All assets, liabilities, and employees of Toshali Cements will be transferred to JK Cement without any share issuance, as Toshali is already a wholly-owned subsidiary.
• The scheme received approval from 96.59% of unsecured creditors by value, representing 17 out of 94 creditors.

Implications and Next Steps

The amalgamation is expected to streamline operations and enhance operational synergies within the JK Cement group. Following the NCLT order, JK Cement will need to:

1. File certified copies of the order with the Registrar of Companies within 30 days.
2. Ensure compliance with all statutory requirements, including those related to stamp duty and taxes.
3. Address any income tax proceedings against Toshali Cements for the period prior to the appointed date.

Management's Perspective

While specific comments from JK Cement's management were not provided, the company's decision to merge Toshali Cements reflects its strategy to consolidate its cement business operations. The merger is likely aimed at improving operational efficiency and potentially reducing administrative costs.

Upcoming Financial Results

In a separate announcement, JK Cement has scheduled a board meeting for November 1, 2025, to consider and approve the unaudited financial results for the second quarter and half-year ending September 30, 2025. The company has also implemented a trading window closure for designated employees, directors, promoters, and other connected persons from October 1, 2025, until November 3, 2025, in compliance with SEBI regulations.

As JK Cement moves forward with the integration of Toshali Cements, stakeholders will be keen to observe the impact of this merger on the company's financial performance and market position in the coming quarters.