Ambuja Cements to hold shareholder meeting for Sanghi Industries merger

Ambuja Cements Limited ("Ambuja") will convene a meeting of its equity shareholders on Thursday, November 20, 2025, at 01:00 p.m. IST, via Video Conferencing/Other Audio-Visual Means. This meeting, directed by the Hon’ble National Company Law Tribunal, aims to seek approval for the Scheme of Arrangement between Ambuja and Sanghi Industries Limited ("Sanghi").

The Scheme outlines the amalgamation of Sanghi with Ambuja, effective April 1, 2024. Upon effectiveness, Sanghi's equity shareholders (excluding Ambuja's existing stake) will receive 12 Ambuja equity shares (face value INR 2/- each, fully paid-up) for every 100 Sanghi equity shares (face value INR 10/- each, fully paid-up). Ambuja, currently holding a 58.08% stake in Sanghi, will see its existing equity shares in Sanghi cancelled.

The proposed merger is expected to consolidate businesses, enhance manufacturing capacities, and improve operational efficiencies and business synergies. Electronic voting facilities will be provided to shareholders, with the cut-off date for e-voting being Friday, November 14, 2025, and voting open from Saturday, November 15, 2025 (03:00 p.m. IST) to Wednesday, November 19, 2025 (05:00 p.m. IST). The full notice and related documents are available on www.ambujacement.com.