The Exchange has sought clarification from Ambuja Cements Limited with respect to recent news item captioned Ambuja Cements-Penna Cement Merger Gets Green Light from NCLT Ahmedabad.. The response from the Company is attached.
AMBUJACEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts more than Nifty 100 and 1.0 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Ambuja Cements has clarified that the company filed a Scheme of Arrangement for merging Penna Cement Industries Limited into Ambuja Cements Limited. The Hon'ble NCLT Ahmedabad Bench heard the matter on March 19, 2026 and pronounced an order sanctioning the Scheme on March 30, 2026. The company states all relevant updates about the merger were disclosed to stock exchanges from December 2024 onwards. The media report dated March 30, 2026 does not contain any new material information as the NCLT order was already disclosed on the same date.
The NCLT approval clears a key regulatory hurdle for the Ambuja Cements-Penna Cement merger. This is a positive development for Ambuja shareholders as it brings the deal closer to completion, expanding the company's cement manufacturing capacity.