Ambuja Cements Limited has informed the Exchange about Copy of Newspaper Publication in respect of Notice of Hearing of the Petition before the Hon ble National Company Law Tribunal, Ahmedabad Bench ( Hon ble Tribunal).
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Ambuja Cements has informed the exchanges about the newspaper publication of a notice of hearing before the NCLT Ahmedabad Bench regarding the proposed amalgamation of Adani Cementation Limited (Transferor Company) with Ambuja Cements Limited (Transferee Company). The joint company petition was filed on May 3, 2025, under Sections 230-232 of the Companies Act, 2013. The NCLT, by an order dated May 8, 2025, has fixed the hearing date for July 3, 2025, at 10:30 a.m. The hearing notice was published in the Indian Express (all editions, English) and Financial Express (Ahmedabad edition, Gujarati translation) on May 14, 2025. Any objectors must file their notice with the Tribunal and the company's advocate at least two days before the hearing date.
This is a routine procedural update on the ongoing merger between Adani Cementation and Ambuja Cements. The next key milestone will be the NCLT hearing on July 3, 2025, where approval or objections will be considered. No immediate impact on share price, but shareholders should track the hearing outcome as the merger's completion depends on it.