Orient Cement Reports Quarterly Results and Announces 9.04% Shareholding Acquisition in Vena Energy KN Wind Power

<h1>Orient Cement Reports Quarterly Results and Announces 9.04% Shareholding Acquisition in Vena Energy KN Wind Power</h1>

Orient Cement Limited has announced its unaudited financial results for the quarter ended June 30, 2026, alongside details of a significant strategic acquisition in renewable energy. The Board of Directors reviewed and approved these results during a meeting held on July 23, 2026.

The company's operations are confined to a single reportable segment: the manufacture and sale of cement, as per Ind AS 108. The financial performance details for the quarter ended June 30, 2026, including income and expense summaries, were made available along with the Limited Review Report issued by Statutory Auditors.

Key financial figures for the quarter (Q) are summarized below:


Management noted that the company received no-objections certificates from BSE Limited and National Stock Exchange of India Limited during the quarter. The Board had previously approved a Scheme of Amalgamation between Orient Cement Limited (Transferor Company) and Ambuja Cements Limited (Transferee Company). Following receipt of these certificates, the companies filed a Joint Company Application before the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench, for approval of the arrangement. The NCLT ordered a meeting of equity shareholders on September 28, 2026, to consider and approve the proposed Scheme.

Acquisition in Renewable Energy Sector​

Orient Cement Limited also announced the acquisition of a 9.04% stake in Vena Energy KN Wind Power Private Limited (VENA).

The acquisition involves:

• Shares acquired: 25,665 equity shares (9.04%) of Rs. 10/- each and 9,777 cumulative convertible preference shares (9.04%) of Rs. 100/- each.
• Cost of Acquisition: The total cost of acquisition is stated as Rs. 12,34,350/-.
• Nature of Consideration: The acquisition is based on a cash consideration pursuant to a Shareholders' Agreement.

The target entity, Vena Energy KN Wind Power Private Limited, which was incorporated on June 18, 2014, operates a 46 MW wind power project in Mangoli District, Karnataka, and is engaged in the renewable energy sector. The company intends to off-take the contracted quantity of electricity generated from this project as a captive user under the Electricity Act.

The indicative time period for completing the acquisition has been set on or before August 31, 2026.

Operational and Governance Updates​

Several operational and governance events were reported during the review period:

• Stock Option Allotment: On April 7, 2025, the company allotted 349,976 fully paid-up equity shares of 31/- each under the Orient Cement Limited Employees Stock Option Scheme 2015.
• Tax and Depreciation: Due to internal technical evaluation, depreciation expenses for the previous financial year ended March 31, 2026 were reported higher by Rs. 63 Crore. Furthermore, the company reversed a net deferred tax liability reversal of Rs. 281 Crore related to opting for the reduced tax rate regime under Section 115BAA in FY 2025-2026.
• Labour Code Impact: The impact of the newly notified Labour Codes was assessed, resulting in an increase of Rs. 76 Crore (including a net adjustment of 70 Crore during the previous quarter and year ended March 31, 2026) in liabilities for defined benefit obligation.
• Registered Office Shift: The company shifted its Registered Office from "Unit VIII, Plot No.7, Bhoinagar, Bhubaneswar, Orissa" to "Adani Corporate House, Shantigram, Near Vaishnodevi Circle, S. G. Highway, Ahmedabad, Gujarat," effective January 9, 2026.
• Inter-Corporate Deposits: During the quarter ended June 30, 2026, the company provided Inter-Corporate Deposits (ICDs) aggregating to Rs. 7450 Crore to its Holding Company, Ambuja Cements Limited, which are repayable on or before March 31, 2027 and carry an interest rate of 8% per annum.

ORIENTCEM Stock Price Movement​

Orient Cement Limited shares slipped today by 1.52% to close at ₹134.35, registering a decline of ₹2.08 from the previous closing price. The stock traded with a total volume of 273,854 shares during the market session.