Ambuja Cements schedules EGM on Sep 29 to approve ACC amalgamation
- Ambuja Cements schedules EGM on September 29, 2026, to approve ACC amalgamation
- NCLT Ahmedabad directed the meeting via order dated July 29, 2026
- Remote e-voting opens on September 24 and closes on September 28
- Shareholders holding stakes as of September 22, 2026, are eligible to vote
- Scheme requires three-fourth majority approval from voting shareholders
*this image is generated using AI for illustrative purposes only.
Ambuja Cements has scheduled an extraordinary general meeting of equity shareholders for Tuesday, September 29, 2026. The meeting aims to secure approval for the scheme of amalgamation with ACC Limited.
The National Company Law Tribunal (NCLT), Ahmedabad Bench, directed the convening of the meeting following an order dated July 29, 2026. Shareholders will consider and approve the arrangement embodied in the scheme via video conferencing or other audio-visual means.
Meeting Details
The company dispatched the notice of the meeting and explanatory statement electronically on August 27, 2026. These documents were sent to shareholders whose email addresses are registered with MUFG Intime India Private Limited or depositories as of Friday, August 14, 2026.
| Event | Date and Time |
|---|---|
| Remote e-voting start | Thursday, September 24, 2026 at 9:00 am |
| Remote e-voting end | Monday, September 28, 2026 at 5:00 pm |
| EGM Date | Tuesday, September 29, 2026 at 12:30 pm |
Voting Process
Equity shareholders holding shares as of the cut-off date, Tuesday, September 22, 2026, are eligible to vote. The scheme requires approval by a majority of persons representing three-fourths in value of the voting shareholders. Additionally, public shareholder votes in favor must exceed those against it, per SEBI guidelines.
Mr. Deep Chandra Joshi, former Acting President and Member of the NCLT, has been appointed as the chairman of the meeting. Ms. Manvi Damle, Advocate, serves as the scrutinizer for the e-voting process.
Regulatory Approvals
The scheme remains subject to subsequent approval by the NCLT and other necessary regulatory bodies. Results, along with the scrutinizer's report, will be communicated to the stock exchanges on or before Thursday, October 1, 2026.
Historical Stock Returns for Ambuja Cements
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.24% | +0.26% | -4.39% | -17.66% | -28.06% | +0.49% |
How might the successful amalgamation impact the combined entity's market share and pricing power in the Indian cement sector?
What synergies and cost-saving measures are expected from the integration of Ambuja Cements and ACC Limited's operations?
Could the merger trigger a wave of consolidation among other major players in the Indian cement industry?
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