Key Resolution
Special Resolution for shifting the Registered Office of The India Cements Limited from the State of Tamil Nadu to the State of Maharashtra, requiring alteration of Clause II of the Memorandum of Association.
Voting Details
- Remote e-voting period: October 28, 2026 (9:00 AM IST) to November 26, 2026 (5:00 PM IST)
- Cut-off date for determining voting eligibility: October 23, 2026
- Results declaration: On or before November 30, 2026
- Scrutinizer: Mrs. P.R. Sudha, Company Secretary in Practice (Membership No. F6046, C.P. No. 4468)
Rationale for Shift
The proposed shift follows UltraTech Cement Limited's acquisition of a controlling stake in the company during FY 2024-25, making India Cements a subsidiary of UltraTech. The move aims to ensure closer coordination with the holding company, streamline corporate administration, improve operational efficiencies, synergies, and strategic alignment.
Regulatory Requirements
The resolution requires approval by special resolution of shareholders and subsequent approval from the Central Government and other relevant authorities under Sections 12, 13, and other applicable provisions of the Companies Act, 2013.
Document Distribution
The Notice is being dispatched electronically to members whose email IDs are registered with the Company/RTA/NSDL/CDSL as of the cut-off date. Physical copies are not being sent. The Notice is available on the company's website (www.indiacements.co.in), stock exchange websites (BSE and NSE), and NSDL's e-voting portal (www.evoting.nsdl.com).
Additional Information
The Memorandum of Association with proposed amendments is available for inspection at the Registered Office between 11:00 AM and 1:00 PM on working days before the voting result declaration. The Board recommends passing the special resolution, noting that no directors, key managerial personnel, or their relatives are interested in this resolution.
#Tags: #TheIndiaCementsLimited #RegisteredOfficeShift #SEBIRegulation30 #PostalBallot #CorporateRestructuring