NewsAmbuja Cements Confirms No Deviation in Preferential Issue Fund Utilisation for Quarter Ended March 31, 2026Ambuja Cements Confirms No Deviation in Preferential Issue Fund Utilisation for Quarter Ended March 31, 2026
Ambuja Cements filed its Regulation 32 statement confirming no deviation in the utilisation of Rs 15000.046 Crores raised via preferential issue for the quarter ended March 31, 2026. As of that date, Rs 14895.1 Crore has been utilised, with the Audit Committee and auditors raising no concerns at their May 4, 2026 meeting.
*this image is generated using AI for illustrative purposes only.
Ambuja Cements Limited has filed its Statement of Deviation(s) or Variation(s) in the utilisation of funds raised through a preferential issue, pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended March 31, 2026. The company confirmed that there are no deviations or variations in the use of proceeds from the preferential issue of equity shares (on conversion of warrants). The statement was duly reviewed by the Audit Committee at its meeting held on May 4, 2026.
Preferential Issue Overview
Ambuja Cements raised a total of Rs 15000.046 Crores through a preferential issue conducted in two tranches. The funds were raised to support a broad range of corporate objectives. The key details of the fund-raising exercise are presented below:
| Parameter: | Details |
|---|---|
| Mode of Fund Raising: | Preferential Issue |
| Date of Raising Funds: | 17th April 2024 |
| Amount Raised: | Rs 15000.046 Crores |
| Report Filed For Quarter Ended: | March 31, 2026 |
| Monitoring Agency: | Not Applicable |
| Deviation / Variation in Use of Funds: | Not Applicable |
The funds were raised in two tranches — Rs 6660.946 Crores as part of Tranche-1 on 28th March, 2024, and Rs 8339.099 Crores as part of Tranche-2 on 17th April, 2024.
Fund Utilisation as of March 31, 2026
The company disclosed the utilisation status of the funds raised against the originally stated objects. As of March 31, 2026, Rs 14895.1 Crore has been utilised, with no deviation or variation reported for the quarter. The following table summarises the fund utilisation details:
| Metric: | Details |
|---|---|
| Original Object: | Capital expenditures, de-bottlenecking capital expenditure, logistics infrastructure, digitizing logistics, optimizing plants to accelerate ESG compliance, acquisitions, consolidation, working capital requirements, investment in technology and for general corporate purpose |
| Original Allocation: | Rs 15000.046 Crores |
| Modified Allocation: | — |
| Funds Utilised till March 31, 2026: | Rs 14895.1 Crore |
| Amount of Deviation/Variation for the Quarter: | Nil |
Audit Committee Review
The Audit Committee of Ambuja Cements reviewed the statement at its meeting held on May 4, 2026, and offered no comments, indicating no concerns regarding the fund utilisation. The auditors also had no comments on the matter. The disclosure has been made available on the company's website at www.ambujacement.com .
The filing was signed by Manish Mistry, Company Secretary & Compliance Officer (Membership No.: FCS-8373), based in Ahmedabad, on May 4, 2026.
Historical Stock Returns for Ambuja Cements
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.74% | -5.95% | +3.50% | -23.67% | -20.00% | +41.10% |
How will the deployment of the remaining ~Rs 105 crore in unutilised funds impact Ambuja Cements' near-term capital expenditure pipeline or acquisition strategy?
Given the significant allocation toward acquisitions and consolidation, which cement market segments or geographies is Ambuja Cements most likely to target for inorganic growth under the Adani Group's ownership?
How does Ambuja Cements' Rs 15,000 crore capital deployment compare to peers like UltraTech Cement in terms of capacity expansion and ESG compliance investments, and what competitive advantages might emerge?
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