Ambuja Cements Limited’s Board of Directors met on October 29, 2026, to approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board also greenlit the acquisition of a 26% equity stake in SWE Renewables Limited, signaling a strategic move into renewable energy procurement.
Financial Results Approved
Ambuja Cements Limited announced that its Board of Directors convened on October 29, 2026. During this meeting, the Board considered and approved the unaudited financial results for both standalone and consolidated operations for the quarter and half-year ended September 30, 2026. These results, along with the Limited Review Report from the statutory auditors, have been submitted and are available as Annexure A.
Strategic Acquisition in Renewables
In a significant strategic move, the Board also approved the acquisition of a 26% equity share in SWE Renewables Limited. This acquisition is aimed at optimizing the company’s electricity costs, increasing the share of renewable energy in its overall mix, and securing access to wind power through a captive structure. The transaction is expected to reduce dependence on conventional grid power, enhance long-term visibility, and support sustainability objectives. The details pertaining to this acquisition are provided in Annexure B.
Board Meeting Details
The Board meeting commenced at 11:00 a.m. and concluded at 02:20 p.m. The approved documents will be accessible on the company’s website, www.ambujacement.com.
Source: BSE
