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
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Ambuja Cements has confirmed that its scheme of arrangement to merge Sanghi Industries into itself has become effective from March 12, 2026. The NCLT Ahmedabad had sanctioned the scheme on February 9, 2026, and the certified order was filed with the Registrar of Companies on March 12, completing all conditions. As a result, Sanghi Industries now stands amalgamated with Ambuja Cements and dissolved without winding up. The appointed date for the merger is April 1, 2024, and the record date for identifying eligible shareholders of Sanghi Industries entitled to receive Ambuja Cements shares is April 6, 2026.
Sanghi Industries shareholders will receive Ambuja Cements equity shares as per the swap ratio once the record date process is completed. For Ambuja Cements shareholders, the merger expands the company's footprint by absorbing Sanghi Industries' cement business, potentially boosting capacity and market share, though it will also lead to equity dilution.