Shares of JK Cement Ltd surged 1.5% to the touch a day’s excessive of Rs 6,680 on sixteenth October, after the corporate introduced that the Allahabad Bench of the Nationwide Firm Legislation Tribunal (NCLT) has authorized the amalgamation of Toshali Cements Pvt Ltd with JK Cement Ltd, making the merger efficient from 1st January, 2024.
With the merger now in impact, all belongings, liabilities, staff, and authorized issues of Toshali Cements Pvt Ltd have been transferred to the mum or dad firm, JK Cement. Toshali Cements will likely be dissolved with out winding up.
JK Cement acknowledged in an change submitting that the NCLT authorized the merger on twelfth September, 2025. This was finished underneath Sections 230 to 232 of the Corporations Act, 2013. The order was later amended on ninth October to right the Registrar of Corporations’ jurisdiction from Dehradun to Kanpur.
The corporate acquired the licensed order and filed it with the Registrar of Corporations on fifteenth October, 2025. This motion made the merger efficient on the identical day.
JK Cement mentioned the transfer will simplify its group construction and streamline total operations.
At 12:39 PM, the shares of JK Cement have been buying and selling 1.31% greater at Rs 6,586 on NSE.
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