Ambuja Cements Limited has informed the Exchange regarding outcome and proceedings of NCLT Convened General Meeting held on September 29, 2026 in relation to the Scheme of Amalgamation of ACC Limited with the Company. Further, the company has submitted the Exchange a copy of Scrutinizers report along with voting results.
AMBUJACEM · price
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Ambuja Cements Limited held an NCLT-convened meeting of equity shareholders on September 29, 2026, to approve the Scheme of Amalgamation of ACC Limited into Ambuja Cements Limited. The resolution was passed with overwhelming support, with 91.27% of total equity shares being polled and 99.98% voting in favour of the scheme. The promoter group (holding 167.20 crore shares or 67.33% of paid-up capital) voted 100% in favour. Among public shareholders, 99.91% voted in favour (about 59.58 crore shares polled), with public institutions voting 99.91% in favour and public non-institutions voting 99.92% in favour. The meeting was chaired by an NCLT-appointed Chairman, Mr. Deep Chandra Joshi, and scrutinised by Advocate Ms. Manvi Damle. The scheme now moves to the next stage of NCLT approval.
This is a positive step forward for the in-group consolidation of ACC into Ambuja Cements under the Adani umbrella, with near-unanimous shareholder approval clearing a key regulatory hurdle. Shareholders of both companies should expect the merger to progress further through NCLT hearings and subsequent steps, which could simplify the group structure and potentially unlock synergies.