Orient Cement Limited has announced a significant step forward in its proposed amalgamation with Ambuja Cements Limited. On June 04, 2026, the company received observation letters with 'no adverse objection' from the BSE Limited and 'no objection' from the National Stock Exchange of India Limited (NSE). These letters are crucial for the Scheme of Amalgamation, which was initially approved by the Board of Directors of Orient Cement Limited on December 22, 2025. The amalgamation is being undertaken under Sections 230 to 232 of the Companies Act, 2013, and remains subject to various other statutory and regulatory approvals, as well as the consent of the respective shareholders and creditors of both companies. The observation letters from BSE and NSE will be made available on the company's website. The announcement also details several conditions and disclosures required by SEBI and the exchanges, including information on ongoing proceedings, financial data, and the rationale for the scheme, to ensure transparency for shareholders before they provide their approval.
