Adani Ambuja Cement’s board has approved the amalgamation of ACC Limited with Ambuja Cements Limited, and Orient Cement Limited with Ambuja Cements Limited. These schemes, pending regulatory approvals, aim to drive operational efficiencies and strengthen the company’s market position. The disclosures detail the rationale, financial data, and shareholding patterns associated with these amalgamations, effective as of December 22, 2025.
Amalgamation Schemes Approved
The Board of Directors of Adani Ambuja Cement has given its nod to the proposed schemes of amalgamation involving:
- ACC Limited (“Amalgamating Company”) with Ambuja Cements Limited (“Amalgamated Company”).
- Orient Cement Limited (“Transferor Company”) with Ambuja Cements Limited (“Transferee Company”).
These decisions were made during a board meeting held on December 22, 2025.
Financial Overview of the Companies
Here’s a snapshot of the financial performance of the entities involved (figures in INR Crore):
Amalgamated Company (Ambuja)
- Standalone Revenue (FY 2024-25): 19,453.58
- Consolidated Revenue (FY 2024-25): 35,044.76
- Net Worth (as of March 31, 2025): 48,605.65 (Standalone), 63,811.42 (Consolidated)
Amalgamating Company (ACC)
- Standalone Revenue (FY 2024-25): 21,668.11
- Consolidated Revenue (FY 2024-25): 21,762.31
- Net Worth (as of March 31, 2025): 18,270.93 (Standalone), 18,558.63 (Consolidated)
Transferor Company (Orient Cement Ltd)
- Standalone Revenue (FY 2024-25): 2,708.83
- Consolidated Revenue (FY 2024-25): N.A.
- Net Worth (as of March 31, 2025): 1,807.91 (Standalone), N.A. (Consolidated)
Rationale for Amalgamation
The amalgamation aims to:
- Unify manufacturing and commercial functions.
- Optimize resource allocation.
- Streamline the group’s structure.
- Enhance agility and efficiency.
- Unlock economies of scale and improve profitability.
Share Exchange Ratio
ACC Limited and Ambuja Cements Limited
For every 100 equity shares of ACC Limited, Ambuja Cements Limited will issue 328 equity shares.
Orient Cement Limited and Ambuja Cements Limited
For every 100 equity shares of Orient Cement Limited, Ambuja Cements Limited will issue 33 equity shares.
Change in Shareholding Pattern (Ambuja Cements)
The shareholding pattern of Ambuja Cements is expected to change post-amalgamation. (See tables in the original document for pre- and post-arrangement shareholding details.)
Other Approved Schemes
The announcement also mentions approval of the Sanghi Merger Scheme and the Penna Cement Merger Scheme, each involving Ambuja Cements Limited and their respective impacts on the company’s share capital and structure, however these are separate and described in the reference document.
Source: BSE