Ambuja Cements has announced that the National Company Law Tribunal (NCLT) has issued a Corrigendum to its original order regarding the Scheme of Arrangement with Sanghi Industries Limited. The Corrigendum, issued on October 9, 2025, is related to an order dated September 25, 2025, and should be read in conjunction with the original order. The relevant documents are available on the company’s website.
NCLT Amends Order on Sanghi Scheme
Ambuja Cements has informed stakeholders about a Corrigendum issued by the National Company Law Tribunal (NCLT) concerning the Scheme of Arrangement involving Sanghi Industries Limited.
The original order, dated September 25, 2025, directed Ambuja Cements to convene a meeting of its equity shareholders via Video Conference/Other Audio Visual Means on November 20, 2025, at 1:00 p.m. IST, to consider and approve the arrangement embodied in the Scheme.
Key Details of the Corrigendum
The NCLT has now issued a Corrigendum to the aforementioned order. Ambuja Cements clarifies that this Corrigendum is an attachment to the initial order and should be interpreted in conjunction with the original September 25, 2025 order.
Access to Relevant Documents
All relevant documents pertaining to this matter, including the Corrigendum and the original order, are available for review on Ambuja Cements’ official website: www.ambujacement.com.
Meeting Details and Voting Quorum Adjustments
Paragraphs 32 and 36 of the order were revised, including adjustments to the voting quorum and regulations for remote meetings:
32. If the quorum as previously mentioned for the aforementioned meetings is not met, the meetings will be postponed by half an hour. After this, the persons present and voting will constitute the quorum. Because meetings will be held via VC/OVAM, proxy appointment will not be available. Applicant companies, however, should make every effort to achieve at least the quorum specified, if not more, in order to approve the Scheme.
36. At least one month before the equity shareholders’ aforementioned meetings, a notice convening the meetings, including the day, date, and time, as well as instructions for remote e-voting and e-voting during VC/OAVM meetings, and a copy of the Scheme. Send a copy of the statement required by Section 102 of the Act, as well as Sections 230-232 of the Act and the Rules thereunder, to those equity shareholders of the Transferor Company and the Transferee Company by electronic means.
Other Important Information
Shareholders whose email IDs are not registered can access the meeting notices on the websites of the Transferor Company (www.sanghicement.com) and the Transferee Company (www.ambujacement.com), as well as the websites of the stock exchanges (NSE and BSE).
The record date to determine eligibility for remote e-voting and e-voting at the meetings is November 14, 2025. The notice shall be sent to those equity shareholders of the Transferor Company and to the equity shareholders of the Transferee Company whose names appear in the register of members/list of beneficial owners on 03.10.2025.
Source: BSE
