Ambuja Cements shareholders approve Sanghi Industries merger

Ambuja Cements Limited announced on November 20, 2025, that its equity shareholders approved the Scheme of Arrangement between Sanghi Industries Limited (Transferor Company) and Ambuja Cements Limited (Transferee Company), along with their respective shareholders. The resolution passed with the requisite statutory majority under Section 230 of the Companies Act, 2013, and the SEBI Master Circular dated June 20, 2023. The meeting was chaired by Hon'ble Justice (Retd.) Kalpesh Jhaveri, as directed by the NCLT.

The voting results show overwhelming support for the scheme. Out of 2,471,823,478 total shares, 2,236,659,426 votes were polled, representing 90.49% of outstanding shares. Votes in favor totaled 2,236,655,628, constituting 100.00% of the polled votes, with only 3,798 votes against, representing 0.00% of polled votes.

Specifically, promoter and promoter group shareholders cast 1,672,081,052 votes, all in favor (100.00%). Public institutions cast 564,427,561 votes, all in favor (100.00%). Public non-institutions cast 150,813 votes, with 147,015 (97.48%) in favor and 3,798 (2.52%) against. The consolidated Scrutinizer's Reports, dated November 20, 2025, confirm the resolution's approval.