Ambuja Cements Approves Allotment of Equity Shares Under Scheme of Arrangement
Ambuja Cements Limited announced that its Finance Committee, during a meeting held on April 10, 2026, approved the allotment of equity shares to eligible shareholders of Sanghi Industries Limited.The Board's Finance Committee meeting commenced at 04:00 p.m. and concluded at 04:45 p.m. During this meeting, the committee approved the allotment of 1,29,93,708 Equity Shares of the face value of Rs. 2/- each, fully paid up. These shares are to be allotted to eligible shareholders of Sanghi Industries Limited as per the share exchange ratio stipulated in the Scheme. The newly allotted shares are proposed for listing and trading on the BSE Limited and National Stock Exchange of India Limited.
The issued equity shares will rank pari passu with the company's existing equity shares.
The allotment details also include 15,156 fully paid-up equity shares of the Company, each with a face value of ₹ 2/-. These shares are allotted to Catalyst Trusteeship Limited. This allotment covers the fractional entitlements of eligible shareholders of Sanghi Industries Limited, who will hold these fractional shares, along with any additions or accretions, in trust for the benefit of the respective equity shareholders of Sanghi Industries Limited, in accordance with the terms of the Scheme.
The key figures related to the share allotment are presented below:
| Detail | Value |
|---|---|
| Total Equity Shares Allotted | 1,29,93,708 |
| Face Value per Share | Rs. 2/- |
| Shares Allotted to Catalyst Trusteeship Limited | 15,156 |
| Face Value of Shares to Trusteeship | ₹ 2/- each |
AMBUJACEM Stock Price Movement
Today, Ambuja Cements Limited shares edged higher to settle at ₹446, recording a gain of 2.75% for the day. The stock showed significant investor interest, closing on a volume of 3.58 million shares.Source:
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