Merger12 Mar 2026, 09:01 pm
Ambuja Cements Ltd Fixes Record Date for Scheme of Arrangement with Sanghi Industries Limited
AI Summary
Ambuja Cements Ltd has announced the effectiveness of the Scheme of Arrangement between itself and Sanghi Industries Limited. The scheme was sanctioned by the National Company Law Tribunal, Ahmedabad Bench on February 9, 2026. The companies have complied with all conditions specified in the scheme, resulting in the amalgamation of Sanghi Industries Limited with Ambuja Cements Limited and the dissolution of Sanghi Industries Limited without being wound up. The equity shareholders of Sanghi Industries Limited whose names appear in the Register of Members as of April 6, 2026 will be entitled for allotment of equity shares of Ambuja Cements Limited.
Key Highlights
- Scheme of Arrangement between Ambuja Cements Limited and Sanghi Industries Limited has been sanctioned by the National Company Law Tribunal, Ahmedabad Bench.
- Sanghi Industries Limited stands amalgamated with Ambuja Cements Limited and dissolved without being wound up.
- Equity shareholders of Sanghi Industries Limited will be entitled for allotment of equity shares of Ambuja Cements Limited.
- The effectiveness of the scheme has been complied with all conditions specified in Clause 3.3 of the Scheme.
- The Appointed Date of the Scheme is April 1, 2024.