The National Company Law Tribunal (NCLT) has directed Ambuja Cements to convene a meeting of its equity shareholders on December 30, 2025, to consider and approve the proposed scheme of arrangement with Penna Cement Industries. The meeting will be held via video conference. The NCLT has also issued a corrigendum to its original order, and both documents are available on Ambuja Cements’ website.
NCLT Directs Shareholder Meeting
Ambuja Cements has been directed by the National Company Law Tribunal (NCLT), Ahmedabad Bench, to hold a meeting of its equity shareholders to consider the proposed scheme of arrangement concerning Penna Cement Industries Limited. The meeting is scheduled for December 30, 2025, at 11:00 a.m. IST, and will be conducted via Video Conference/Other Audio Visual Means.
Corrigendum Issued
The NCLT has also issued a corrigendum to its original order dated October 31, 2025. This corrigendum should be read in conjunction with the initial order. The updated documents are accessible on the company’s website.
Details of the Scheme
The proposed scheme involves Penna Cement Industries Limited as the Transferor Company and Ambuja Cements Limited as the Transferee Company. The arrangement requires shareholder approval, and the meeting is intended to facilitate this process.
Key Dates and Requirements
- Meeting Date: December 30, 2025
- Time: 11:00 a.m. IST
- Mode: Video Conference/Other Audio Visual Means
Shareholders are encouraged to review the relevant documents available on the company’s website before the meeting. The cut-off date for determining eligibility of shareholders entitled to vote through remote e-voting and e-voting at the meeting is December 23, 2025.
Source: BSE