Ambuja Cements Receives NCLT Approval for Merger with Penna Cement
Ambuja Cements Ltd. announced that the National Company Law Tribunal (NCLT) Ahmedabad Bench has sanctioned the Scheme of Arrangement between Penna Cement Industries Limited and Ambuja Cements Limited. The NCLT order, pronounced on March 30, 2026, follows hearings held on March 19, 2026.The company has previously disclosed updates regarding the merger scheme to the National Stock Exchange of India Limited, BSE Limited, and the Luxembourg Stock Exchange. These disclosures included the board's approval of the scheme on December 17, 2024, receipt of No Objection Certificates from stock exchanges on April 30, 2025, and the outcome of the equity shareholders' meeting on December 30, 2025. A summary of these disclosures is presented below:
| Particulars | Date of Disclosures |
|---|---|
| Outcome of Board Meeting approving the Scheme | December 17, 2024 |
| Receipt of NOC from stock exchanges for the Scheme | April 30, 2025 |
| NCLT order directing equity shareholders meeting of the Company | November 2, 2025 |
| Notice convening the meeting of equity shareholders for approval of Scheme | November 26, 2025 |
| Outcome of NCLT convened equity shareholders' meeting and voting results | December 30, 2025 |
Ambuja Cements believes the media report, which appeared on NDTV Profits on March 30, 2026, does not have a material impact on the company, given the prior disclosures made to the stock exchanges.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Last edited by a moderator: