Sanghi Industries Limited has informed the Exchange regarding Notice of Postal Ballot.
Awaiting price reaction for this filing.
Sanghi Industries is seeking shareholder approval via postal ballot (e-voting from September 23 to October 22, 2025) for two ordinary resolutions on related party transactions. The first resolution seeks to remove the Rs.50 crore sub-limit for Adani Global Pte Ltd (AGPTE) under the AEL group, while keeping the overall limit of Rs.750 crore unchanged. The second resolution expands the scope of transactions with Adani Cement Industries Ltd (ACIL) — a fellow subsidiary of Ambuja Cements (the company's holding company since August 1, 2025) — to include sale/purchase of cement, clinker, raw materials, spare parts and services, with the limit unchanged at Rs.250 crore. The company stated that solid fuel sourcing from third parties has been challenging, prompting greater reliance on AEL/AGPTE. The transactions are stated to be at arm's length, with the company's FY24-25 turnover at Rs.960.17 crore — the AEL/AGPTE transaction represents 78.11% and ACIL represents 26.04% of turnover.
Overall transaction limits remain unchanged (Rs.750 crore and Rs.250 crore respectively), so the financial ceiling is not expanding — only the internal flexibility and scope. The ACIL expansion to include cement and clinker sales/purchases signals deeper operational integration within the Adani group, which could improve supply chain efficiency but also raises related party exposure. Stock price impact is likely limited unless shareholders meaningfully dissent during the e-voting window.