The India Cements Limited announced that the Scheme of Amalgamation involving its four wholly owned subsidiaries has been sanctioned by the National Company Law Tribunal (NCLT), Chennai. The sanction order was issued on March 9, 2026. The effective date is anticipated following the filing of the certified order with the Registrar of Companies. The appointed date for the scheme is set as January 1, 2025.
NCLT Sanction for Merger Scheme
THE INDIA CEMENTS LIMITED has officially confirmed that the Scheme of Amalgamation concerning four of its wholly owned subsidiaries has received sanction from the Hon’ble National Company Law Tribunal (NCLT), Chennai. The Scheme involves the amalgamation of ICL Financial Services Limited, ICL International Limited, ICL Securities Limited, and India Cements Infrastructures Limited into the parent company.
Key Dates Confirmed
The formal sanction was granted via an Order dated 9th March, 2026. Crucially, the Appointed Date for the entire Scheme of Amalgamation has been set as 1st January, 2025. Shareholders should note that while the Tribunal’s Order was made available on its website on 12th March, 2026, the company is currently awaiting the certified true copy.
Next Steps for Effectiveness
Upon receiving the certified copy of the Order, THE INDIA CEMENTS LIMITED will proceed immediately to file the necessary documents with the Registrar of Companies, Chennai. This final step is required to make the Scheme legally effective, completing the corporate restructuring process initiated under Sections 230–232 of the Companies Act, 2013.
The announcement was issued by Krishnagopal Ladsaria, Chief Financial Officer, on 13.03.2026.
Source: BSE
