Ambuja Cements Share Price in Focus; Announces April 10, 2026, as Effective Date for Penna Cement Amalgamation

Ambuja Cements Limited has announced the effective date of its amalgamation with Penna Cement Industries Limited as April 10, 2026.  

This follows the approval by the National Company Law Tribunal (NCLT) and compliance with all requisite conditions. 

Details of the Amalgamation 

On April 10, 2026, Ambuja Cements Limited confirmed the effective date of its Scheme of Arrangement with Penna Cement Industries Limited.  

The amalgamation was sanctioned by the NCLT, Ahmedabad Bench, on March 30, 2026. Following this, both companies filed the certified order with the Registrar of Companies in Ahmedabad. 

The amalgamation sees Penna Cement Industries Limited dissolved without being wound up, with all assets and liabilities transferred to Ambuja Cements Limited. The appointed date for the scheme was set as August 16, 2024. 

Shareholder Considerations 

In accordance with the scheme, equity shareholders of Penna Cement Industries Limited, whose names appear in the Register of Members as of April 10, 2026, will receive cash consideration. This is detailed in Clause 2.3.2 of the Scheme of Arrangement. 

Read More: JK Lakshmi Cement Share Price in Focus; Emerges Preferred Bidder for Chhipta Limestone Block in Madhya Pradesh! 

Regulatory Compliance and Disclosure 

This disclosure aligns with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation is available on the Ambuja Cements website for public access. 

Ambuja Cements Share Price Performance 

As of April 10, 2026, at 3:30 PM, Ambuja Cements share price on NSE was closed at ₹445.20 up by 2.57% from the previous closing price. 

Conclusion 

The amalgamation of Ambuja Cements and Penna Cement marks a significant development in the cement industry. With the scheme now effective, the consolidation is expected to streamline operations and enhance market presence. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.