Ambuja Cements Limited has informed the Exchange regarding Notice of Postal Ballot dated January 30, 2026
AMBUJACEM · price
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Ambuja Cements has issued a Postal Ballot Notice dated January 30, 2026, seeking shareholder approval for two ordinary resolutions related to material related party transactions (RPTs) for FY 2026-27. The first resolution seeks approval for transactions worth ₹27,500 crore with ACC Limited (its 50.05% subsidiary), comprising ₹22,000 crore under Master Supply and Service Agreements covering cement, clinker, RMC, power, and other items, plus ₹5,500 crore in inter-corporate deposits. The second resolution covers material RPTs with Orient Cement Limited, another subsidiary. Notably, the Board approved a Scheme of Amalgamation merging ACC into Ambuja (appointed date January 1, 2026), expected to become effective in FY27, which is driving the larger transaction envelope. The threshold for material RPTs under amended SEBI Listing Regulations (effective December 18, 2025) is now ₹2,752 crore. E-voting runs from March 3, 2026 to April 1, 2026, with results expected within two working days thereafter.
For shareholders: this is a routine procedural approval but signals significant intra-group operations ahead of the ACC merger. The proposed RPT ceiling of ₹27,500 crore with ACC is 81.61% of Ambuja's consolidated turnover, indicating heavy operational integration. The ICD component of ₹5,500 crore effectively routes surplus cash to the subsidiary before the merger completes — this may be neutral to value but highlights capital allocation within the group.