Sanghi Industries

Sanghi Industries Limited reported a net loss of Rs 16.55 crore for the quarter ended September 30, 2025, compared to a loss of Rs 195.68 crore in the same period last year. Revenue from operations stood at Rs 204.93 crore versus Rs 151.50 crore in Q2 FY25. The company's cement capacity utilization remained at 36%, same as the previous quarter, with cement sales volume at 0.6 million tonnes. EBITDA improved to Rs 24.9 crore from Rs 3.1 crore in the previous quarter. The company attributed low capacity utilization to heavy monsoon conditions and flood-like situations. Management expects capacity utilization of 70-75% for the remaining part of the year. The company utilized the quarter for scheduled maintenance of kiln line II and rehabilitation of a 15km thermal power plant transmission line. Sanghi Industries has ongoing litigation with Gujarat's Chief Commissioner of State Tax regarding electricity duty exemption and received Rs 40 crore as indemnification claim from erstwhile promoters. The Board has approved a merger scheme with Ambuja Cements Limited, with shareholder meeting scheduled for November 20, 2025.

Sanghi Industries Limited has scheduled an equity shareholders meeting for November 20, 2025, at 11:00 AM IST via video conferencing to consider a Scheme of Arrangement with Ambuja Cements Limited. The meeting follows orders from the National Company Law Tribunal, Ahmedabad Bench dated September 26, 2025 and October 9, 2025. Notice of the meeting has been published in Indian Express (All editions) in English on October 15, 2025 and in Gujarati in Financial Express (Ahmedabad edition) on October 16, 2025. The scheme involves the transfer/merger arrangement between Sanghi Industries (transferor company) and Ambuja Cements (transferee company) and their respective shareholders.

Sanghi Industries Limited has received an order from the National Company Law Tribunal, Ahmedabad Bench, directing the company to convene a meeting of equity shareholders on November 20, 2025, at 11:00 a.m. IST through video conference. The meeting will consider and approve the proposed amalgamation scheme with Ambuja Cements Limited, where Sanghi Industries will act as the transferor company and Ambuja Cements as the transferee company. The tribunal order follows an earlier disclosure made by Sanghi Industries on December 17, 2024, regarding the proposed merger arrangement.