Ambuja Cements schedules meeting to approve Penna Cement merger

Ambuja Cements Limited will hold a meeting of its equity shareholders on Tuesday, December 30, 2025, at 11:00 a.m. IST via Video Conferencing/Other Audio Visual Means. This meeting, directed by the National Company Law Tribunal, Ahmedabad Bench, aims to consider and approve the scheme of arrangement for the amalgamation of Penna Cement Industries Limited with Ambuja Cements Limited. The scheme follows Ambuja Cements’ acquisition of 99.92% of Penna Cement Industries’ paid-up equity share capital on August 16, 2024.

Electronic voting facilities will be available, with the remote e-voting period commencing on Friday, December 26, 2025, at 09:00 a.m. IST and concluding on Monday, December 29, 2025, at 5:00 p.m. IST. The cut-off date for e-voting eligibility is Tuesday, December 23, 2025. All relevant documents, including the scheme details and valuation reports, will be accessible on the company’s website. The cash consideration for the Penna Cement shares is proposed at ₹321.50 per share.