Outcome of meeting of equity shareholders of Sanghi Industries Limited pursuant to order passed by Hon''ble National Company Law Tribunal, Ahmedabad Bench - Scrutinizer''s Report.
Awaiting price reaction for this filing.
Sanghi Industries Limited held an NCLT-convened meeting of equity shareholders on November 20, 2025, to consider a Scheme of Arrangement between Sanghi Industries (Transferor Company) and Ambuja Cements Limited (Transferee Company). The resolution approving the scheme was passed with the requisite statutory majority. Of the 15,38,47,945 valid votes polled, 99.85% (15,36,19,186 shares) voted in favour and only 0.15% (2,28,759 shares) voted against. Among public shareholders, 35,74,084 shares voted in favour versus 2,28,759 against, satisfying the SEBI public shareholder voting requirement. The promoter group, holding about 58.08% of paid-up share capital, also voted in favour. The scheme now moves to the next stage of NCLT and regulatory approval processes.
This is a positive development for the merger process — shareholders have overwhelmingly approved Ambuja Cements absorbing Sanghi Industries. The stock could see reduced trading activity or price discovery until the final NCLT sanction and share swap ratio are formally announced, as the merger price/ratio details are not yet disclosed in this filing.