ACC shareholder meeting on Sept 29 to approve Ambuja Cements merger
ACC · price
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ACC Limited will hold a virtual equity shareholder meeting on Sept 29, 2026 at 10:30 a.m. IST, as ordered by NCLT Ahmedabad on July 29, 2026, to vote on its scheme of amalgamation with Ambuja Cements Limited (Adani group). Remote e-voting runs Sept 24-28; cut-off date is Sept 22. Approval needs three-fourths majority by value. Joint valuation done by GT Valuation Advisors and BDO (Dec 22, 2025); fairness opinions from SBI Capital Markets and IDBI Capital Markets. NSE and BSE issued no-objection letters on June 4, 2026. If approved, ACC will merge into Ambuja Cements, subject to final NCLT sanction.
Shareholders must vote by Sept 28; approval will merge ACC into Ambuja Cements, reshaping shareholding structure within the Adani group.