Fixing of Record Date pursuant to Effectiveness of Scheme of Arrangement between Sanghi Industries Limited and Ambuja Cements Limited and their respective shareholders
Awaiting price reaction for this filing.
The NCLT-sanctioned Scheme of Arrangement between Sanghi Industries and Ambuja Cements has become effective on March 12, 2026, after the certified NCLT order was filed with the Registrar of Companies. Sanghi Industries now stands amalgamated with Ambuja Cements and has been dissolved without winding up. The Appointed Date for the amalgamation is April 1, 2024. A Record Date of April 6, 2026 has been fixed to identify Sanghi Industries shareholders whose equity shares will be cancelled and who will receive new Ambuja Cements shares in exchange, as per the Swap Ratio in the Scheme.
Sanghi Industries shareholders will see their existing shares cancelled and will receive shares of Ambuja Cements in lieu, effectively converting their holding from Sanghi Industries to Ambuja Cements. This marks the completion of the acquisition, and Sanghi Industries will cease to exist as a separate listed entity post the record date.