Orient Cement to merge with Ambuja Cements

The board of directors of Orient Cement Limited (Orient Cement) has approved a scheme of amalgamation with Ambuja Cements Limited (Ambuja Cements). Under the scheme, approved on December 22, 2025, Orient Cement, a subsidiary of Ambuja Cements, will merge with the transferee company. Orient Cement reported a standalone revenue of INR 2,708.83 crore for the financial year 2024-25, with a net worth of INR 1,807.91 crore as of March 31, 2025. Ambuja Cements posted a standalone revenue of INR 19,453.58 crore and a net worth of INR 48,605.65 crore for the same period.

The amalgamation is designed to streamline operations, optimize resource allocation, and enhance the overall business ecosystem of the merged entity. Upon the scheme's effectiveness, Ambuja Cements will issue 33 equity shares of INR 2 each for every 100 equity shares of INR 1 each held in Orient Cement, excluding shares held by Ambuja Cements. The transaction, classified as a related party transaction, has been determined to be at arm's length, based on a joint valuation report and a fairness opinion issued on December 22, 2025.