Ambuja Cements Limited has informed the Exchange that Record date for the purpose of Merger/HiveOff is 06-Apr-2026.
AMBUJACEM · price
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The merger of Sanghi Industries Limited into Ambuja Cements Limited has officially become effective on March 12, 2026, after the companies filed the NCLT order with the Registrar of Companies. The NCLT, Ahmedabad had sanctioned the Scheme of Arrangement on February 9, 2026, with an Appointed Date of April 1, 2024 (retrospective). Sanghi Industries now stands amalgamated with and dissolved into Ambuja Cements. Shareholders of Sanghi Industries whose names appear in its register on April 6, 2026 (the Record Date) will be entitled to receive Ambuja Cements equity shares as per the swap ratio in the Scheme.
Sanghi Industries shareholders will receive Ambuja Cements shares, leading to share issuance and potential dilution. The merger consolidates Sanghi's cement business under Ambuja, expanding its capacity and geographic footprint. Ambuja stock may see short-term volatility around the record date and share allotment.