JK Cement Finalises Toshali Cements Merger Following NCLT Nod

JK Cement has completed the merger of its wholly owned subsidiary, Toshali Cements Pvt Ltd, following approval from the National Company Law Tribunal (NCLT). The move marks a key step in the company’s efforts to consolidate its operations and enhance organisational efficiency.

NCLT Approval and Merger Details

The Allahabad Bench of the NCLT approved the amalgamation of Toshali Cements with JK Cement through an order dated September 12, 2025, under Sections 230 to 232 of the Companies Act, 2013. The order was later amended on October 9, 2025, to correct the jurisdiction of the Registrar of Companies to Kanpur instead of Dehradun.

Following the approval, JK Cement filed the certified copy of the Tribunal’s order with the Registrar of Companies on October 15, 2025, making the merger effective from the same day. The amalgamation has been made effective retrospectively from January 1, 2024.

With this merger now in place, all assets, liabilities, employees, and ongoing legal proceedings of Toshali Cements have been transferred to JK Cement. As a result, Toshali Cements will stand dissolved without winding up. 

The consolidation is expected to streamline the group’s structure, reduce administrative overheads, and create a more integrated operational framework.

Strategic Impact of the Merger

The merger reflects the company’s ongoing efforts to simplify its corporate structure and strengthen its core operations. By bringing Toshali Cements directly under the parent entity, the company aims to improve operational synergy and resource allocation across its production facilities.

JK Cement manufactures both grey and white cement and operates multiple production units across Rajasthan, Madhya Pradesh, Haryana, Karnataka, Gujarat, and Uttar Pradesh. The consolidation is also seen as a step towards better utilisation of manufacturing capabilities and smoother coordination between business divisions.

Market Performance and Share Price Movement

On Wednesday, October 15, JK Cement share price closed at ₹6,508.00 on the NSE, down by 3.2% or -₹217.00. The stock traded between ₹6,462.50 and ₹6,715.00 during the day, opening at ₹6,715.00 and previously closing at ₹6,725.00. The total trading volume stood at 1,37,831 shares.

Over the past 52 weeks, JK Cement share price has ranged between ₹3,891.45 and ₹7,565.50, recording steady movement through the year. The company currently holds a market capitalisation of ₹52,014 crore. Despite the short-term fluctuation, the stock has shown a 42% gain so far this year, reflecting sustained investor confidence.

Read More:Best Cement Stocks in September 2025 - 5yr CAGR Basis

Conclusion

The completion of the merger marks an important milestone in JK Cement’s corporate journey. The integration of Toshali Cements is expected to bring operational clarity and strengthen the company’s position in the cement industry through a unified and efficient structure.

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