The National Company Law Tribunal (NCLT) has approved the merger of Sanghi Industries with Ambuja Cements, marking a key step in the Adani Group’s ongoing consolidation of its cement business and capacity expansion roadmap.
Ambuja Cements informed exchanges that the tribunal sanctioned the scheme of arrangement between Ambuja Cements and Sanghi Industries and their respective shareholders. The order was pronounced on February 9, 2026.
As per the approved scheme, April 1, 2024, has been fixed as the appointed date. The merger will become operational after completion of procedural and legal steps specified in the scheme.
“The Appointed Date of the Scheme is April 1, 2024. It will be effective upon completion of the steps, as laid out in the Scheme. We will update the exchanges once the Scheme becomes effective,” the company said in its filing. Under the swap arrangement, Sanghi Industries shareholders will receive 12 shares of Ambuja Cements for every 100 shares held.
Ambuja Cements had earlier announced the merger as part of a broader restructuring exercise that also includes integration of other acquired cement assets. The company already holds a 58.08% stake in Sanghi Industries and had completed its acquisition for about ₹5,185 crore.
The integration is aimed at simplifying the group structure, improving operational coordination, and strengthening scale efficiencies across manufacturing and distribution.
Sanghi Industries operates clinker capacity of 6.6 MTPA and cement capacity of 6.1 MTPA, supported by large limestone reserves and a single-location manufacturing complex in Gujarat with captive infrastructure.
As of February 10, 2026, at 10:15 AM, Ambuja Cements share price is trading at ₹541.85 per share, reflecting a decline of 0.11% from previous closing price and Sanghi Industries share price is trading at ₹64.3 reflecting a decline of 0.22% from the previous closing price.
With NCLT approval in place, the Ambuja–Sanghi merger moves closer to completion, supporting the group’s plan to scale cement capacity and improve operating efficiencies through consolidation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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.
Published on: Feb 10, 2026, 10:44 AM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
