ImportantCompany Update

Ambuja Cements has called a shareholder meeting via video conference to consider the amalgamation of Orient Cement with the company.

Kiran Syntex Ltd530443 · Filed with the exchange

Shareholders on record as of September 21 are eligible to vote.

The proposed scheme requires approval from a three-fourths majority in value of shareholders.

Importantly for retail investors, it also needs more public shareholder votes in favor than against to pass.

This grants public investors a significant say in this key strategic merger.

Remote e-voting is available from September 23 to September 27.

Read the original filing(PDF)

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