JK Lakshmi Cement completes share allotment after merger

JK Lakshmi Cement Ltd. (JKLC) announced on September 1, 2025, the allotment of 6,474,360 new equity shares, valued at INR 5 each, to eligible shareholders of Udaipur Cement Works Ltd. (UCWL). This follows the Composite Scheme of Amalgamation and Arrangement, which became effective on July 31, 2025.

The share allotment was based on the Record Date of August 25, 2025, for UCWL shareholders. The exchange ratio for the amalgamation was set at four equity shares of INR 5 each in JKLC for every 100 equity shares of INR 4 each held in UCWL. This strategic move integrates UCWL, Hansdeep Industries & Trading Company Ltd., and Hidrive Developers and Industries Limited into JKLC.

The company is now taking the necessary steps to list these newly allotted equity shares on the Stock Exchanges. The meeting where this allotment was approved commenced at 5:45 P.M. and concluded at 6:15 P.M. on September 1, 2025.