Outcome of the Board Meeting held on July 28, 2025.
Awaiting price reaction for this filing.
Sanghi Industries, an Adani Group cement company (subsidiary of Ambuja Cements), reported Q1FY26 revenue from operations of Rs 245.38 crore, up about 10% from Rs 222.99 crore in the same quarter last year. The company continued to post losses, with a pre-exceptional loss before tax of Rs 115.40 crore (wider than Rs 88.82 crore last year), driven by high depreciation of Rs 89.63 crore and finance costs of Rs 53.55 crore. The bottom-line loss narrowed to Rs 75.40 crore after booking a Rs 40 crore exceptional gain from an indemnity reimbursement received from erstwhile promoters (the Sanghi family). Loss per share stood at Rs 2.92 versus Rs 3.44 a year ago. The disclosure also highlighted an ongoing electricity duty dispute with Gujarat authorities, where a Rs 43.90 crore provision and Rs 176.63 crore contingent interest liability are recognised, and confirmed the pending merger scheme with Ambuja Cements (12 Ambuja shares for every 100 Sanghi shares) is awaiting NCLT approval.
Shareholders continue to see losses with no clear near-term turnaround, though the merger scheme with Ambuja Cements remains the key catalyst — if approved, minority holders would receive Ambuja shares. The widening operating loss before exceptional items and rising power and fuel costs remain key concerns.