Ambuja Cements receives corrigendum for scheme of arrangement meeting

Ambuja Cements Limited announced on October 9, 2025, that the National Company Law Tribunal (NCLT) has issued a corrigendum to its September 25, 2025 order. This corrigendum pertains to the scheme of arrangement involving Sanghi Industries Limited (transferor company) and Ambuja Cements Limited (transferee company). The original order directed Ambuja Cements to convene a meeting of its equity shareholders on Thursday, November 20, 2025, at 1:00 p.m. IST, via video conference/other audio-visual means.

The corrigendum specifically modifies paragraphs 32 and 36 of the original order. Under the updated paragraph 32, if a quorum for the shareholder meetings is not met, the meetings will be adjourned for half an hour, after which the persons present and voting will constitute the quorum. A significant change is that the facility for proxy appointments will not be available, as meetings will be held through Video Conference/Other Audio Visual Means (VC/OVAM).

Paragraph 36, as corrected, states that at least one month before the meetings, notices with remote e-voting and e-voting instructions, along with a copy of the scheme and other required statements, shall be sent electronically to equity shareholders. The cut-off date for determining eligible shareholders for voting through remote e-voting and e-voting at VC/OAVM meetings is fixed as November 14, 2025. All related documents will be available on the company's website.