Ambuja Cements has received an order from the National Company Law Tribunal (NCLT) for the proposed amalgamation of Sanghi Industries Limited. A meeting of equity shareholders will be held on November 20, 2025, to consider the scheme of arrangement. This decision marks a significant step forward in the planned merger, expected to enhance Ambuja Cements’ market position and operational efficiency. The meeting will be conducted via video conferencing.
NCLT Approves Shareholder Meeting
Ambuja Cements announced that the National Company Law Tribunal (NCLT), Ahmedabad Bench, has approved the convening of a shareholder meeting regarding the proposed scheme of arrangement for the amalgamation of Sanghi Industries Limited. The company received the order on September 26, 2025. This progresses the previously disclosed amalgamation plans announced on December 17, 2024.
Details of the Shareholder Meeting
The meeting for equity shareholders of Ambuja Cements is scheduled for November 20, 2025, at 01:00 p.m. IST. The meeting will be held via video conference or other audio-visual means. Shareholders will consider, and if deemed appropriate, approve the arrangement, with or without modifications. Further details and documents related to the arrangement can be found on the company website.
Voting Information
Equity shareholders of Ambuja Cements as of a determined record date will be eligible to vote on the proposed scheme. Voting will be conducted remotely and during the video conference. Mr. Raimeen Maradiya is appointed as the Scrutinizer for the remote e-voting.
Dispensation of Creditor Meetings
The tribunal has dispensed with the need for meetings of preference shareholders, secured creditors, and unsecured creditors, as there are no conflicts of interest or compromises affecting these groups. All relevant materials and notices will be accessible on the company’s website, www.ambujacement.com.
Source: BSE
