Ambuja-ACC merger: Shareholder meeting on Sept 29 for NCLT scheme approval
AMBUJACEM · price
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Ambuja Cements has called an equity shareholders meeting on September 29, 2026 at 12:30 p.m. via video conferencing, as directed by NCLT Ahmedabad, to vote on the Scheme of Amalgamation of ACC Limited into Ambuja Cements Limited. Remote e-voting runs September 24 to 28, with cut-off date September 22. Approval needs three-fourths in value of voting shareholders and majority of public shareholders. Valuations by GT Valuation Advisors and BDO; fairness opinions by SBI Capital and IDBI Capital. Results expected by October 1, 2026.
Shareholders must vote by September 28 on ACC-Ambuja merger. If approved by three-fourths majority, scheme moves to NCLT final approval.