Ambuja Cements Allots Equity Shares Following Scheme of Arrangement with Sanghi Industries Limited
Ambuja Cements Limited has completed the allotment of equity shares to eligible shareholders of Sanghi Industries Limited following a Scheme of Arrangement, which was approved by the National Company Law Tribunal (NCLT). The shares allotted represent the outcome of the transaction between Ambuja Cements and Sanghi Industries.The NCLT, Ahmedabad Bench, had approved the scheme via an order dated February 9, 2026, making the arrangement effective from March 12, 2026. As part of the agreed terms, Ambuja Cements set April 6, 2026, as the Record Date to determine the list of eligible shareholders from Sanghi Industries entitled to receive the equity shares of Ambuja Cements based on the prescribed Share Exchange Ratio.
The company proceeded with the allotment of these equity shares to the eligible shareholders of Sanghi Industries on April 10, 2026. The Scheme stipulated a ratio where 12 equity shares of Ambuja Cements, credited as fully paid-up at Rs. 2/- each, were allotted for every 100 equity shares held by such a shareholder in the Transferor Company, which had a face value of Rs. 10/- each.
Trading commenced for these allotted equity shares from June 30, 2026, after Ambuja Cements received trading approvals from the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE).
The details regarding the allotment or credit of equity shares to shareholders are as follows:
| Number of Equity Shares held in the Transferor Company as on Record Date | Entitlement of number of Equity Shares of Rs. 2/- each of the Company | Number Equity Shares of Rs. 2/- each of the Company allotted/credited to Demat Account | Fractional entitlement of Equity Share of Rs. 2/- of the Company | DP Id. & Client Id. |
|---|---|---|---|---|
| 300 | 36.00 | 36 | 0.00 | XXXXXXXXXXXX7009 |
The allotment process covered all eligible shareholders under the Scheme. For instances where a shareholder was entitled to a fractional entitlement of shares, those fractions were consolidated and allocated to Catalyst Trusteeship Limited. The Trustee is responsible for selling these equity shares on the stock exchange and distributing the net sale proceeds proportionally to the respective fractional entitlements.
AMBUJACEM Stock Price Movement
Today, Ambuja Cements Limited shares surged, closing at ₹443.70 after trading up 3.44%. The stock saw high activity during the day, with over 6.17 million shares traded as it finished in positive territory.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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