Shares of JK Cement Ltd surged 1.5% to touch a day’s high of Rs 6,680 on 16th October, after the company announced that the Allahabad Bench of the National Company Law Tribunal (NCLT) has approved the amalgamation of Toshali Cements Pvt Ltd with JK Cement Ltd, making the merger effective from 1st January, 2024.

With the merger now in effect, all assets, liabilities, employees, and legal matters of Toshali Cements Pvt Ltd have been transferred to the parent company, JK Cement. Toshali Cements will be dissolved without winding up.

JK Cement stated in an exchange filing that the NCLT approved the merger on 12th September, 2025. This was done under Sections 230 to 232 of the Companies Act, 2013. The order was later amended on 9th October to correct the Registrar of Companies’ jurisdiction from Dehradun to Kanpur.

The company received the certified order and filed it with the Registrar of Companies on 15th October, 2025. This action made the merger effective on the same day.

JK Cement said the move will simplify its group structure and streamline overall operations.

At 12:39 PM, the shares of JK Cement were trading 1.31% higher at Rs 6,586 on NSE.

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