Sanghi Industries Limited has informed the exchange about notice convening the meeting of Equity Shareholders of the Company pursuant to Order passed by Hon''ble National Company Law Tribunal, ....
Awaiting price reaction for this filing.
Sanghi Industries has issued notice for a meeting of its equity shareholders to be held on November 20, 2025 (11:00 a.m. IST) via video conferencing, as directed by the NCLT Ahmedabad Bench. The meeting is to consider and approve a Scheme of Arrangement between Sanghi Industries (Transferor) and Ambuja Cements (Transferee), both part of the Adani Group, under Sections 230-232 of the Companies Act, 2013. Remote e-voting is open from November 15 to November 19, 2025, with a cut-off date of November 14, 2025. The scheme, once approved by shareholders, will also require subsequent NCLT sanction. The notice includes valuation reports from BDO Valuation Advisory and GT Valuation Advisors, and fairness opinions from Vivro Financial Services and IDBI Capital, all dated December 17, 2024.
This is a key milestone toward the merger of Sanghi Industries into Ambuja Cements. Shareholders (including public shareholders) should vote during the e-voting window; approval requires a three-fourths majority by value. If the scheme is approved, Sanghi Industries will be absorbed into Ambuja Cements, which could affect shareholding, delisting implications, and the stock's trading dynamics post-merger.