Ambuja Cements Limited has informed the Exchange about Effectiveness of Scheme of Arrangement between Sanghi Industries Limited and Ambuja Cements Limited and their respective shareholders and fixing of record date
AMBUJACEM · price
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The scheme of arrangement to merge Sanghi Industries Limited into Ambuja Cements Limited has officially become effective from March 12, 2026, after the companies filed the NCLT order with the Registrar of Companies in Ahmedabad. The scheme had earlier been approved by the NCLT on February 9, 2026. The appointed date for the merger is April 1, 2024, and Sanghi Industries now stands amalgamated with Ambuja Cements and dissolved without winding up. The board has fixed Monday, April 6, 2026 as the record date to identify Sanghi shareholders whose shares will be cancelled and who will receive new equity shares of Ambuja Cements as per the swap ratio defined in the scheme.
Sanghi Industries shareholders will receive Ambuja Cements shares in exchange for their existing holdings at the agreed swap ratio and are likely to see Sanghi's stock eventually delisted. For Ambuja Cements shareholders, the merger consolidates Sanghi's cement operations under the Adani Group umbrella, expanding capacity without any immediate dilution or cash outflow beyond the share swap.