Effectiveness of Scheme of Arrangement between Sanghi Industries Limited with Ambuja Cements Limited and their respective shareholders and fixing of record date
Awaiting price reaction for this filing.
The scheme of arrangement for amalgamation of Sanghi Industries with Ambuja Cements has become effective on March 12, 2026, after the NCLT order (dated February 9, 2026) was filed with the Registrar of Companies. With this, Sanghi Industries stands amalgamated with Ambuja Cements and dissolved without winding up, with the appointed date being April 1, 2024. The Board has fixed Monday, April 6, 2026 as the Record Date to identify Sanghi shareholders whose shares will be cancelled and who will receive new equity shares of Ambuja Cements as per the swap ratio defined in the scheme. Effectively, Sanghi shareholders will become shareholders of Ambuja Cements in exchange for their existing holdings.
Sanghi Industries will cease to exist as a separate listed entity post the record date, and its shareholders will receive Ambuja Cements shares based on the swap ratio. Trading in Sanghi shares will be impacted as the merger progresses, and investors should expect the swap and possible delisting of Sanghi equity in due course.