Udaipur Cement Works has received the National Company Law Tribunal's order sanctioning its merger with JK Lakshmi Cement.

The company's Board has approved the scheme to become effective from July 31. A Record Date of August 25 has been fixed for determining eligible shareholders.

For every 100 equity shares of Udaipur Cement (face value INR 4 each), shareholders will receive 4 equity shares of JK Lakshmi Cement (face value INR 5 each). This consolidation aims to enhance operational efficiency, simplify the group structure, and unlock value for shareholders.