Orient Cement Limited has successfully completed its postal ballot process for the appointment of a new director, with shareholders demonstrating strong support for the proposed resolution. The company announced the results on February 18, 2026, following the conclusion of the e-voting period.

Postal Ballot Resolution Details

The postal ballot sought shareholder approval for the appointment of Mr. Rohit Soni (DIN: 0009336186) as Director (Non-Executive, Non-Independent) of the Company through an Ordinary Resolution. The postal ballot notice was dated November 21, 2025, and was sent electronically to all shareholders in compliance with MCA circulars.

Voting Process and Timeline

The e-voting facility was provided to members through National Securities Depository Limited (NSDL). The electronic voting process was conducted entirely online, with no physical ballot papers distributed to shareholders in accordance with MCA circulars.

Voting Results and Shareholder Participation

The resolution received overwhelming support from shareholders across all categories. The voting results demonstrated strong confidence in the proposed appointment, with 99.86% of votes cast in favor of the resolution.

Category-wise Voting Breakdown

The voting pattern across different shareholder categories showed strong support, with promoter and promoter group demonstrating unanimous approval:

Scrutinizer's Report and Compliance

Mr. Chirag Shah, Partner at Chirag Shah and Associates, Practicing Company Secretary (Membership No. 5545 & C.P. No. 3498), served as the scrutinizer for the postal ballot process. The scrutinizer confirmed that the voting process was conducted in a fair and transparent manner, with all procedural requirements under the Companies Act, 2013, and relevant MCA circulars being duly followed.

The company published newspaper advertisements in Financial Express (English) and Financial Express (Gujarati) on January 18, 2026, and January 19, 2026, respectively, regarding the dispatch of the postal ballot notice. The voting results and scrutinizer's report have been made available on the company's website at www.orientcement.com and will be filed with the stock exchanges as per regulatory requirements.

Orient cement Limited delivered strong financial performance in Q3FY26, with net profit after tax surging 174% year-on-year to ₹2,779.94 lacs compared to ₹1,014.11 lacs in Q3FY25. The cement manufacturer announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing significant improvement in profitability metrics.

Financial Performance Overview

The company's quarterly performance demonstrated robust profit growth despite marginal revenue decline. Revenue from operations for Q3FY26 stood at ₹63,609.84 lacs, slightly lower than ₹64,335.26 lacs recorded in the corresponding quarter of the previous year.

Nine-Month Performance Highlights

The nine-month period from April 1, 2025 to December 31, 2025 showed exceptional growth across key financial parameters. Net profit after tax reached ₹28,225.87 lacs, marking a substantial 474% increase from ₹4,917.64 lacs in the corresponding previous period.

Cost Structure and Operational Efficiency

The company's total expenses for Q3FY26 were ₹59,634.53 lacs compared to ₹62,929.46 lacs in Q3FY25, reflecting improved cost management. Key expense categories showed varied trends, with power and fuel costs increasing to ₹24,276.96 lacs from ₹16,852.90 lacs, while packing, freight and forwarding charges decreased significantly to ₹2,730.69 lacs from ₹18,189.55 lacs.

Tax Optimization and Exceptional Items

During the quarter ended June 30, 2025, Orient Cement opted for the reduced tax rate regime under Section 115BAA of the Income-tax Act, 1961. This resulted in a reversal of ₹8,118.28 lacs in deferred tax liability for the nine-month period. The company also recorded an exceptional item of ₹643.30 lacs in Q3FY26 related to increased provision for defined benefit obligations due to the implementation of new Labour Codes by the Government of India.

Corporate Developments

Ambuja Cements Limited acquired operational and financial control of Orient Cement with effect from April 22, 2025, holding 72.66% equity shares following a successful open offer. The Board of Directors approved a Scheme of Amalgamation between Orient Cement and Ambuja Cements Limited on December 22, 2025, subject to regulatory approvals. Under the proposed scheme, equity shareholders will receive 33 shares of Ambuja Cements for every 100 shares of Orient Cement held.

Regulatory Compliance and Publication

The Board of Directors approved the unaudited financial results at their meeting held on January 29, 2026. In compliance with SEBI Listing Regulations, the company published extracts of the financial results in Financial Express (English, all editions) on January 30, 2026, and in Gujarati language (Ahmedabad edition) on January 31, 2026. The complete financial results are available on the company's website at orientcement.com and on stock exchange websites.