Udaipur Cement Works Limited.

Contact Us

Regd Office:

Shripati Nagar, P.O. CFA
Udaipur-313 021,
Rajasthan

Secretarial Department:

Gulab Bhawan,
3rd Floor (Rear Block),
6A, Bahadur Shah Zafar Marg,
New Delhi-110002


Phone: +91-11-30179861-864
Fax: +91-11-23739475

Plant Address:

Shripati Nagar,
P.O. CFA,
Udaipur – 313 021(Rajasthan),


Phone: +91- 0294 – 2655076
Fax: +91-0294 - 2655077

About Us: Corporate Profile


Udaipur Cement Works Limited, (formerly known as 'J.K. Udaipur Udyog Limited' ) was incorporated as a Public Limited Company on 15th March 1993 having registered office at Jaipur, Rajasthan. The name of the Company was subsequently changed to its present name w.e.f. 19th May 2006. The Company is presently engaged in the business of manufacture and sale of cement. The Equity Shares of the Company are listed on Bombay Stock Exchange Limited, Delhi Stock Exchange Association Limited, Jaipur Stock Exchange Limited and Ahmedabad Stock Exchange Limited.



REFERENCE AS A SICK COMPANY


On the basis of audited Annual Accounts for the year ended 31st March 2002, the Company became a sick industrial Company within the meaning of section 3(1)(o) of the Sick Industrial Companies (Special Provisions) Act, 1985. As a consequence, the Company was referred to the Board for Industrial and Financial Reconstruction (BIFR). The Hon'ble BIFR declared the Company as a 'Sick Company' on 13th November 2003 and appointed ICICI Bank Limited as the Operating Agency to examine viability of the Company and if found feasible, to formulate a Rehabilitation Scheme of the Company. The Operating Agency submitted a Draft Rehabilitation Scheme with the BIFR and the same was circulated to various concerned parties for their consent. The Hon'ble Board For Industrial & Financial Reconstruction (BIFR) sanctioned the Rehabilitation Scheme of the Company at the hearing held on 14th November 2011 vide its Order dated 13th January 2012."

DISCHARGE FROM BIFR


On the basis of Audited Annual Accounts of the Company for the Financial Year 2014-15 ended 31st March 2015, the Company's Networth as on that date has become positive. The Company has implemented major part of the Scheme of Rehabilitation sanctioned by Hon'ble Board for Industrial and Financial Reconstruction (BIFR) on 13th January 2012 including settlement of Secured Lenders on OTS basis , payment to unsecured creditors, payment to Government Authorities of their outstanding dues of sales tax , stamp duty , electricity etc. as per the said Scheme. The Company formally approach and make an application to BIFR to seek an exit from the purview of BIFR in the interest of the Company. Hon'ble Appellate Authority for Industrial & Financial Reconstruction (AAIFR) vide its order dated 22nd January 2016, had interalia approved discharge of the Company from the purview of SICA.

BOARD OF DIRECTORS


• Shri Onkar Nath Rai : Shri Onkar Nath Rai who holds an Engineering Degree,joined the Board on
  14.11.1996. He has experience of over 44 years in industry in various management capacities.

• Shri Vinit Marwaha : Shri Vinit Marwaha holds a Commerce Degree, joined the Board on 3.3.2004. He brings
   with him an experience of over 35 years in industry in various management capacities. He is an expert in
   Taxation matters.

• Shri Ganpat Singh : Shri Ganpat Singh holds an Engineering degree. He has an experience of over 43 years
   in the cement industry.

• Ms. Poonam Singh, a Member of the Institute of Company Secretaries of India (CS),has sound knowledge of Corporate Laws and SEBI Regulations.

• Shri R.K. Gupta : Shri R.K. Gupta holds an Honours Degree in Commerce and also a post graduate masters
  degree in Business Administration. He is also a member of the Institute of Company Secretaries of India and
  of the Institute of Cost and Works Accountants of India. Shri Gupta has more than 37 years of experience in
  various companies in executive positions and has served theCompany for about 18 years in various
  capacities.


Shri R.K. Gupta as Whole-time Director is vested with substantial powers of management under the superintendence, control and direction of the Board of Directors. He is also involved in policy planning, vision and strategy and long term developmental activities of the Company, besides Corporate Governance and Board coordination. He is also the Occupier of the Company's Cement Plant.