Ambuja Cements Limited has informed the Exchange regarding Proceedings of Court Convened General Meeting held on May 02, 2025. Further, the company has informed the Exchange regarding voting results along with copy of scrutinizers report together with copy of minutes.
AMBUJACEM · price
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Ambuja Cements held an NCLT-ordered shareholder meeting on May 2, 2025, to approve the Scheme of Amalgamation of Adani Cementation Limited (transferor) into Ambuja Cements (transferee). Shareholders approved the scheme with overwhelming support — 99.9993% of votes cast were in favour, with the resolution clearing both the statutory majority (Section 230) and the public shareholder majority required under SEBI's June 2023 Master Circular. Promoters (holding ~67.57% of paid-up capital), public institutions, and public non-institutions all voted nearly unanimously in favour. The next steps will involve NCLT and other regulatory approvals for the merger to become effective.
The amalgamation consolidates Adani Cementation into Ambuja Cements within the Adani group, simplifying the cement business structure but unlikely to materially change Ambuja's earnings per share in the near term. Shareholders can expect further updates on the swap ratio and the effective date once NCLT sanctions the scheme.