Ambuja Cements Limited announced the approval of its unaudited financial results for the quarter and half-year ended September 30, 2026. The company’s Board also approved the acquisition of a 26% equity stake in SWE Renewables Limited, a move aimed at optimizing electricity costs and increasing renewable energy usage. The board meeting concluded on October 29, 2026.
Financial Performance Reviewed
Ambuja Cements Limited’s Board of Directors convened on October 29, 2026, to review and approve the company’s unaudited financial results for the quarter and half-year ended September 30, 2026. These results encompass both standalone and consolidated figures.
Strategic Acquisition Approved
In addition to financial matters, the Board also approved the acquisition of 26% equity shares in SWE Renewables Limited. This strategic move is intended to optimize the company’s electricity costs and increase its reliance on renewable energy sources by procuring wind power through a captive structure. The acquisition is expected to strengthen Ambuja Cements’ commitment to sustainability and reduce dependence on conventional grid power.
The board meeting commenced at 11:00 a.m. and concluded at 02:20 p.m. on the same day.
Further Details Available
The Unaudited Financial Results and the Limited Review Report are enclosed as Annexure A. Details regarding the acquisition, including disclosures pursuant to SEBI Listing Regulations, are provided in Annexure B.
Source: BSE
