Ambuja Cements and Sanghi Industries Merger Gains NCLT Approval

Ambuja Cements Ltd., in a recent stock filing, informed that the merger scheme between itself and Sanghi Industries Ltd. was approved by National Company Law Tribunal (NCLT), Ahmedabad Bench. The order was pronounced by NCLT on 9th February 2026. This will be effective upon completion of the required steps as per the scheme.

As per the exchange filing, appointed date for this merger is backdated to 1st April 2024 by NCLT, i.e., this arrangement between the two companies is considered effective from the said date. Looking back, Ambuja Cements had acquired 58.08% equity shares of Sanghi Industries in December 2023, where this acquisition was completed at an enterprise value of Rs. 5,185 crore.

The provided rationale for this merger read, ‘The amalgamation will enhance business potential of the Transferor Company (Sanghi Industries Limited), add value to both companies, and ultimately increase shareholders’ value‘.

Furthermore, this arrangement will enable Ambuja Cements to integrate Sanghi Industries’ operations, resulting in a more efficient and economical business management. As such, better resource utilization, cost savings, and elimination of duplicated efforts, among other benefits, could be achieved through this amalgamation.