Ambuja Cements has successfully completed its merger with Penna Cement Industries Limited, with the scheme of arrangement becoming effective on April 10, 2026. The company informed stock exchanges about this significant corporate development through a regulatory filing under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Merger Implementation Details

The merger process reached completion after both companies filed the certified copy of the National Company Law Tribunal (NCLT) order with the Registrar of Companies, Ahmedabad, Gujarat on April 10, 2026. This filing ensured compliance with all conditions specified in Clause 3.3 of the scheme of arrangement.

Corporate Structure Changes

Following the scheme's effectiveness, Penna Cement Industries Limited stands amalgamated with Ambuja Cements Limited and dissolved without being wound up. The Hon'ble National Company Law Tribunal, Ahmedabad Bench had sanctioned the scheme through its order dated March 30, 2026, paving the way for this corporate restructuring.

Shareholder Compensation Framework

Under the terms of the scheme, equity shareholders of Penna Cement Industries Limited whose names appear in the Register of Members as on the effective date will receive cash consideration. The compensation structure follows the provisions outlined in Clause 2.3.2 of the scheme of arrangement.

Regulatory Compliance and Documentation

The company has ensured full regulatory compliance by:

• Filing certified copies of the NCLT order with appropriate authorities
• Meeting all conditions specified in the scheme arrangement
• Uploading disclosure information on the company website at www.ambujacement.com
• Informing all relevant stock exchanges including NSE, BSE, and Luxembourg Stock Exchange

This merger represents a significant step in Ambuja Cements' corporate strategy, consolidating operations through the acquisition of Penna Cement Industries Limited's business and assets.

Ambuja Cements Limited has completed a significant milestone in its amalgamation with Sanghi Industries Limited, with the Finance Committee approving the allotment of 1,29,93,708 equity shares on April 10, 2026. This development follows the earlier announcement of April 6, 2026 as the record date for the scheme of amalgamation.

Share Allotment Details

The Finance Committee of Ambuja Cements' Board of Directors approved the allotment during its meeting held on April 10, 2026. The key details of the share allotment are:

The allotted shares will rank pari passu with existing equity shares of Ambuja Cements, providing equal rights to the new shareholders.

Fractional Entitlements Management

As part of the allotment process, 15,156 fully paid-up equity shares have been specifically allocated to Catalyst Trusteeship Limited. These shares represent fractional entitlements of eligible Sanghi Industries shareholders and will be held in trust for their benefit in accordance with the scheme terms.

Previous Amalgamation Timeline

The share allotment follows the previously established timeline for the amalgamation:

Both NSE and BSE had implemented trading suspensions for Sanghi Industries shares effective April 6, 2026, under their respective regulatory frameworks.

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was communicated to National Stock Exchange of India Limited, BSE Limited, and Luxembourg Stock Exchange, reflecting the company's multi-exchange listing status. The announcement was signed by Manish Mistry, Company Secretary & Compliance Officer, and uploaded on the company's website at www.ambujacement.com .