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• Strategic move aims to consolidate operations and unlock long-term stakeholder value

• Mr. Shrivats Singhania to join JK Lakshmi Cement’s Board in a new leadership role

JK Lakshmi Cement Ltd., one of India’s leading cement manufacturers and a part of the prestigious JK Organisation, has announced the merger of its subsidiary, Udaipur Cement Works Limited (UCWL), with itself, further strengthening its footprint in the Indian cement sector.

The merger, approved by the Boards of Directors of both companies, is aimed at simplifying the group structure, enhancing operational efficiencies, and realising long-term synergies. The consolidation will enable optimal utilisation of resources, improved logistics and supply chain management, and a unified approach to customer and market engagement.

Commenting on the development, Ms. Vinita Singhania, Chairperson and Managing Director, JK Lakshmi Cement Ltd., said, " This merger marks a significant milestone in our growth journey. It is aligned with our long-term vision of building a stronger, more agile, and future-ready organisation. The combined entity will be better positioned to serve our customers, enhance shareholder value, and drive sustainable growth across markets."

Highlighting the operational and strategic advantages of the merger, Mr. Arun Shukla, President and Director, JK Lakshmi Cement Ltd., added, “The merger of Udaipur Cement Works with JK Lakshmi Cement is a well-calibrated strategic step towards creating a more streamlined and resilient organisation. This consolidation is expected to bring in substantial operational synergies, reduce overlaps, and enhance our agility in responding to market needs. It positions us well to accelerate growth, foster innovation, and deepen our engagement with customers and stakeholders.”

As part of the reorganisation, Mr. Shrivats Singhania, who previously served as Director and CEO of Udaipur Cement Works Limited, will now assume the role of Deputy Managing Director at JK Lakshmi Cement Ltd., reflecting the expanded scope of his leadership in the unified structure. He added that, “This merger represents a natural progression in our journey to build a stronger, more cohesive organisation. Having led Udaipur Cement Works through a significant phase of growth and transformation, I am excited to take on this expanded role at JK Lakshmi Cement. Together, we will leverage our combined strengths to drive innovation, operational excellence, and sustainable growth across our markets.”

The merger will enable JK Lakshmi Cement Ltd. to operate with greater efficiency, eliminate redundancies, and maximise its resource potential, while also unlocking significant economies of scale across manufacturing and distribution. With UCWL’s state-of-the-art cement plant in Udaipur, Rajasthan already a wholly owned subsidiary the integration further strengthens the company’s ability to innovate, scale sustainably, and maintain a competitive edge in a dynamic market landscape.