Meeting Details and Resolutions

The 15th AGM will be held virtually on June 26, 2026, at 4:30 PM IST via video conferencing. Key resolutions include adoption of FY26 financial statements, declaration of final dividend of ₹0.50 per share, re-appointment of Mr. Vinod Bahety as director, and approval of cost auditors for FY27. Remote e-voting will be available from June 23-25, 2026, with cut-off date for voting eligibility set as June 19, 2026.

Financial Performance Highlights

For FY 2025-26, Orient Cement reported strong financial results:

  • Revenue from operations: ₹2,793.12 crore (vs ₹2,708.83 crore in FY25)
  • EBITDA: ₹568.47 crore (significant improvement from ₹321.19 crore)
  • Profit After Tax: ₹337.69 crore (vs ₹91.25 crore in FY25)
  • EPS: ₹16.44 (vs ₹4.45 previous year)
  • Total volume sold: 62.37 lakh tonnes (15% growth YoY)
  • Capacity utilization improved to 73% from 64% in FY25
  • Financial assets measured at fair value: ₹4,188.14 lakhs

Ownership Changes and Strategic Initiatives

Ambuja Cements Limited acquired controlling 72.66% stake through:

  • Share purchase agreement acquiring 46.66% from previous promoters
  • Open offer acquiring additional 26% (5.34 crore shares) at ₹395.40 per share
  • Board approved Scheme of Amalgamation with Ambuja Cements with appointed date of May 1, 2025
  • Exchange ratio: 33 Ambuja shares (₹2 face value) for every 100 Orient shares (₹1 face value)
  • Scheme subject to NCLT approval and stock exchange no-objection certificates

ESG Performance and Sustainability Initiatives

The BRSR report disclosed comprehensive environmental and social metrics:

  • Energy consumption: 19,242,683 GJ total with 1,953,997 GJ from renewable sources
  • Water consumption: 986,591 kiloliters with intensity of 158 liters/tonne
  • GHG emissions: 23,890 tonnes CO2 with intensity of 644 kg CO2/tonne
  • Zero Liquid Discharge implemented at all plant locations
  • Alternative fuel usage increased to 14% (from 11% previous year)
  • Alternative raw material usage increased to 23% (from 16%)
  • 100% renewable energy in captive power plants
  • Employee training coverage: 100% of employees and workers
  • CSR expenditure: ₹428.26 lakhs on education and rural development

Corporate Governance and Compliance

The company maintained all regulatory compliances with:

  • Board recomposition with 6 members including 3 Independent Directors
  • Mr. Vinod Bahety appointed as Non-Executive Chairman
  • Mr. Vaibhav Dixit appointed as Wholetime Director & CEO
  • Registered office shifted from Odisha to Gujarat (Ahmedabad)
  • No significant non-compliances reported with environmental regulations
  • BRSR report received limited assurance from SGS India Private Limited
  • Confirmed compliance with Companies Act, SEBI regulations, and environmental laws

Technical Implementation and Future Outlook

The company implemented various sustainability initiatives including Waste Heat Recovery Systems, expanded solar and wind capacities, co-processing of waste in cement kilns, and production of blended cements with reduced clinker content. The amalgamation with Ambuja Cements is part of the 'One Cement Platform' strategy to create a stronger pan-India building materials leader, positioning Orient Cement within the Adani Group ecosystem for future growth.