India Cements Completes Amalgamation of Subsidiaries
India Cements Limited has finalized the amalgamation of its wholly-owned subsidiaries, ICL Financial Services Limited (ICLFSL), ICL International Limited (ICLIL), ICL Securities Limited (ICLSL), and India Cements Infrastructures Limited (ICIL). The amalgamation was approved by the National Company Law Tribunal (NCLT) in Chennai and became effective on March 28, 2026.The scheme of amalgamation, initially communicated on March 13, 2026, transfers all assets and liabilities of the four subsidiary companies to India Cements Limited from January 1, 2025, the designated appointed date. As a result of the amalgamation, ICLFSL, ICLIL, ICLSL, and ICIL have been dissolved without winding up.
India Cements Limited is a subsidiary of UltraTech Cement Limited. The registered office is located at Dhun Building, 827, Anna Salai, Chennai – 600 002. The scrip code for India Cements is 530005 on the National Stock Exchange of India Limited and INDIACEM on the BSE Limited.
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