Sanghi Industries Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015.
Awaiting price reaction for this filing.
Sanghi Industries Limited has received an order from the NCLT Ahmedabad Bench directing it to hold a meeting of equity shareholders on November 20, 2025 (via video conference) to consider and approve the proposed Scheme of Arrangement (amalgamation) with Ambuja Cements Limited. Ambuja Cements already holds 58.08% of Sanghi's equity and 100% of its preference shares, making Sanghi a subsidiary. The appointed date for the merger is April 1, 2024, and no new shares will be issued by Ambuja to Sanghi's shareholders under the scheme. Sanghi has 78,187 equity shareholders, and the unsecured creditors' meetings have been dispensed with as no compromise is being offered. The rationale is to consolidate the cement businesses, reduce duplication, and achieve economies of scale within the Adani Group.
For Sanghi shareholders, this is a major corporate action that, if approved, will lead to the absorption of the company into Ambuja Cements. Since no new shares are being issued to Sanghi shareholders, they will not get shares in Ambuja — they will instead need to check the specific terms regarding consideration. The stock could see volatility around the November 20, 2025 shareholder meeting. Approval would simplify the group structure but effectively end Sanghi's independent listing.