Sanghi Industries Limited has informed the Exchange about Copy of Newspaper Publication in respect of Notice of Hearing of the Petition before the Hon ble National Company Law Tribunal, Ahmedabad Bench ( Hon ble Tribunal) in the matter of Scheme of Arrangement between Sanghi Industries Limited ( Transferor Company ) and Ambuja Cements Limited ( Transferee Company ) and their respective shareholders ( Scheme )
Awaiting price reaction for this filing.
Sanghi Industries has published a notice in newspapers regarding the upcoming hearing of its merger petition before the National Company Law Tribunal (NCLT), Ahmedabad Bench. The petition relates to the proposed Scheme of Arrangement between Sanghi Industries (the transferor company) and Ambuja Cements (the transferee company), along with their respective shareholders. Newspaper publication of the NCLT hearing notice is a standard legal requirement under the merger process. No new financial figures, swap ratios, or revised timelines have been disclosed in this filing. The next step will be the NCLT hearing itself, after which the tribunal will rule on approving the scheme.
This is a routine procedural update confirming that the Sanghi Industries–Ambuja Cements merger is moving through the NCLT approval process. Shareholders should not expect any immediate change in stock price from this filing, but it signals continued progress toward completion of the amalgamation, which would make Sanghi Industries shareholders entitled to consideration from Ambuja Cements as per the approved scheme.