Update on NCLT order: Corrigendum issued for Shareholders'' Meeting on November 20, 2025.
Awaiting price reaction for this filing.
Sanghi Industries informed BSE that the NCLT Ahmedabad Bench issued a corrigendum on October 9, 2025 to its earlier order dated September 25, 2025, fixing clerical errors related to the shareholders' meeting convened for the proposed amalgamation with Ambuja Cements (a fellow Adani Group company). The corrigendum clarifies quorum rules, proxy provisions, and notice distribution logistics for the video conference meeting, and revises the cut-off date for shareholder eligibility from November 14, 2025 to October 31, 2025. The equity shareholders' meeting to approve the scheme remains scheduled for November 20, 2025 at 11:00 a.m. IST via VC/OAVM. Background context: Ambuja Cements already holds 58.08% of Sanghi Industries, and the scheme aims to merge the cement businesses with effect from April 1, 2024.
This is a procedural update with no change to the substance of the proposed amalgamation. Shareholders of Sanghi Industries should note the revised cut-off date of October 31, 2025 for voting eligibility, and watch for the November 20, 2025 meeting outcome that will determine the next steps for the merger.