Sanghi Industries Limited has informed the Exchange about Effectiveness of Scheme of Arrangement between Sanghi Industries Limited and Ambuja Cements Limited and their respective shareholders and fixing of record date
Awaiting price reaction for this filing.
Sanghi Industries has announced that its Scheme of Arrangement with Ambuja Cements Limited has become effective on March 12, 2026, after the NCLT-approved order was filed with the Registrar of Companies. Under the scheme, Sanghi Industries stands amalgamated with Ambuja Cements and is dissolved without winding up, with the appointed date being April 1, 2024. A record date of April 6, 2026 has been fixed to identify eligible Sanghi shareholders whose shares will be cancelled and who will receive new equity shares of Ambuja Cements in exchange, as per the swap ratio already set out in the scheme. This marks the final step in the merger process initiated after the NCLT's February 9, 2026 order. Sanghi Industries is currently part of the Adani Group, and Ambuja Cements is also an Adani group company, making this an internal consolidation.
Sanghi Industries shareholders will see their existing shares cancelled and replaced with Ambuja Cements shares at the pre-agreed swap ratio. Once the swap is completed, Sanghi Industries will cease to exist as a separate listed entity, effectively getting absorbed into Ambuja Cements.