Ambuja Cements Limited announced that the Scheme of Arrangement with Sanghi Industries Limited has officially become effective on March 12, 2026, following the filing of the NCLT Order. Consequently, Sanghi Industries is amalgamated and dissolved without winding up. The Appointed Date for the Scheme is set as April 1, 2024. Equity shareholders of Sanghi Industries will receive allotment of Ambuja Cements shares based on the record date of April 6, 2026.
Effective Date Confirmed for Amalgamation Scheme
Ambuja Cements Limited confirmed that the Scheme of Arrangement between itself (the “Transferee Company”) and Sanghi Industries Limited (the “Transferor Company”) has formally become effective today, March 12, 2026. This critical milestone follows the sanctioning of the Scheme by the Hon’ble National Company Law Tribunal (NCLT), Ahmedabad Bench, via its order dated February 9, 2026.
Compliance and Corporate Action
The Company and the Transferor Company have successfully filed the certified copy of the NCLT Order with the Registrar of Companies, Ahmedabad, on March 12, 2026. This action fulfills all prerequisites outlined in Clause 3.3 of the Scheme.
As a result of the Scheme becoming effective (the “Effective Date”), the Transferor Company, Sanghi Industries Limited, stands amalgamated with Ambuja Cements Limited and is dissolved without being wound up. The stipulated Appointed Date for the Scheme remains April 1, 2024.
Entitlement for Shareholders
In accordance with the provisions of the Scheme, the equity shareholders of the Transferor Company whose names appear in the Register of Members as of the record date, April 6, 2026, will be entitled to receive the allotment of equity shares of Ambuja Cements Limited.
Stock Exchange Listings Notified
This intimation has been provided to the National Stock Exchange of India (Scrip Code: AMBUJACEM), the BSE Limited (Scrip Code: 500425), and the Luxembourg Stock Exchange (Code: US02336R2004).
Source: BSE
