Orient Cement Ltd

🏗️ Orient Cement & Ambuja Cements Merger: Key Dates & Financial Snapshot

- NCLT Ahmedabad Bench directs Orient Cement to convene a meeting of equity shareholders on September 28, 2026, at 10:30 a.m. (IST) via Video Conference/Other Audio Visual Means.

- The appointed date for the amalgamation is May 1, 2025. The scheme involves the dissolution of Orient Cement without winding up and issuance of new equity shares by Ambuja Cements to Orient Cement shareholders.

- As of March 31, 2026, Orient Cement had 97,344 equity shareholders, an authorized share capital of Rs. 50,00,00,000, and a paid-up capital of Rs. 20,54,59,873.

- Ambuja Cements held 72.66% of Orient Cement's paid-up equity share capital.

- Orient Cement's unsecured debt as of March 31, 2026, was Rs. 639.34 Crore, owed to 3,555 creditors. The company had an excess of assets over liabilities of Rs. 2,145.87 Crore on a standalone basis.

- Ambuja Cements, as of March 31, 2026, had 6,13,421 equity shareholders, an authorized share capital of Rs. 10,903,55,00,000, and a paid-up capital of Rs. 496,96,34,372. Its unsecured debt was Rs. 12,339.70 Crore, owed to 91,186 creditors, with an excess of assets over liabilities of Rs. 52,558.01 Crore.

- Orient Cement obtained No Objection Certificates from 100% of its secured creditors (by value), including State Bank of India (Rs. 100,00,00,000), Axis Bank Limited (Rs. 150,00,00,000), and HDFC Bank Limited (Rs. 400,00,00,000). Ambuja Cements had no secured creditors.

- The rationale for the amalgamation includes strategic alignment, operational efficiencies, business synergies, unified market approach, and enhanced competitiveness within the Adani Group.