Tribunal corrects Sanghi-Ambuja merger meeting rules

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Price reaction

Awaiting price reaction for this filing.

AI summary

NCLT's October 9, 2025 corrigendum corrects meeting directions for Sanghi's merger with Ambuja Cements. Equity shareholders will vote by video conference on November 20, 2025 at 11:00 a.m. IST on the scheme. If quorum is missing, the meeting will be adjourned by 30 minutes; proxy voting is unavailable. Notices go electronically to shareholders on record as of October 3, 2025; the voting cut-off is November 14, 2025. Final approval is still pending.

Likely market impact

Shareholder and final court approvals are pending. Approval advances the merger, while rejection or changed terms could raise stock-price uncertainty.