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Orient Cement informs about outcome of board meeting

28 Apr 2023 Evaluate
Orient Cement has confirmed that the Statutory Auditors have issued Audit Report with unmodified opinion on Audited Financial Results; Recommended final dividend of Rs 1 (100%) per equity share for FY23, subject to the approval of shareholders at ensuing AGM; Approved the Orient Cement Employee Stock Option Scheme-2023 pursuant to Sec 62 & other applicable provisions of Companies Act, 2013 & SEBI SBEB&SE Regulations 2021 subject to approval of shareholders at ensuing AGM; Granted in-principle approval for entering into Share Subscription cum Shareholders Agreement with Cleantech Solar India OA2 Pte & SPV, incorporated for putting up solar power plants for contributing in equity share capital of the SPV, amounting to Rs 9.50 cr approx. . 

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Ultratech Cement 10865.10
Ambuja Cements 349.00
ACC 1137.90
Shree Cement 22319.50
Dalmia Bharat 1611.65
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