Orient Cement equity shareholders approve Scheme of Amalgamation with Ambuja Cements
Orient Cement Ltd · Cement & Cement Products
What the filing says
- NCLT-convened equity shareholders meeting held September 28, 2026 via VC/OAVM, chaired by Dr. Madan Bhalachandra Gosavi
- Scheme resolution passed with 97.8304% of votes polled in favour (162,751,911 of 166,361,325); promoter group 100.0000% in favour
- Public shareholders approved with 78.8535% of votes polled in favour (13,459,181 of 17,068,595); NCLT appointed M/s Khan & Khan as Scrutinizer
Why it's rated notable: Equity shareholders approved the whole-company amalgamation with Ambuja Cements, but the approval is not binding because the scheme remains subject to NCLT sanction and other approvals, and the public-shareholder favour share is 78.8535%.
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Shareholder Meeting / Postal Ballot-Outcome of Court Convened Meeting
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.