Ambuja Cements Limited has successfully completed its postal ballot process, with shareholders providing overwhelming approval for material related party transactions. The company announced the voting results on April 2, 2026, following the completion of the e-voting period that concluded on April 1, 2026.

Postal Ballot Overview

The postal ballot notice was dated January 30, 2026, and sought shareholder approval for two ordinary resolutions related to material related party transactions for Financial Year 2026-27. The e-voting facility was provided through Central Depository Services (India) Limited, with the voting period commencing on Tuesday, March 3, 2026, at 9:00 A.M. (IST) and ending on Wednesday, April 1, 2026, at 5:00 P.M. (IST).

Resolution Details and Voting Results

Two ordinary resolutions were presented to shareholders for approval, both achieving remarkable consensus among voting shareholders.

Resolution 1: ACC Limited Transactions

The first resolution sought approval for material related party transactions with ACC Limited for Financial Year 2026-27.

Resolution 2: Orient Cement Limited Transactions

The second resolution concerned material related party transactions with Orient Cement Limited for Financial Year 2026-27.

Shareholder Category Participation

The voting pattern showed significant participation from institutional investors, with Public Institutions demonstrating the highest engagement levels.

Public Institutions Performance

• Shares Held: 634,849,663
• Votes Polled: 572,477,760 (90.18% participation)
• Voting Pattern: 100.00% in favour for both resolutions

Public Non-Institutions Performance

• Shares Held: 164,892,763
• Votes Polled: 635,687 (0.39% participation)
• Resolution 1: 90.33% in favour, 9.67% against
• Resolution 2: 90.29% in favour, 9.71% against

Scrutinizer Certification

Mr. Chirag Shah, Partner at Chirag Shah and Associates, served as the appointed scrutinizer for the postal ballot process. The scrutinizer confirmed that both resolutions were duly passed as ordinary resolutions with the requisite majority on April 1, 2026. The report validated the electronic voting process and confirmed compliance with all regulatory requirements under the Companies Act, 2013, and relevant MCA circulars.

Regulatory Compliance

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and various MCA circulars issued between 2020 and 2025. The company provided the postal ballot notice electronically only, following COVID-19 related guidelines that eliminated the requirement for physical ballot forms. The notice was made available on the company's website at www.ambujacement.com and the e-voting platform at www.evotingindia.com .

The National Company Law Tribunal (NCLT) Ahmedabad has granted approval for the merger of Penna Cement Industries with Ambuja Cements , with the company providing official clarification on the regulatory process and compliance disclosures. This regulatory clearance marks a significant development in the cement industry's consolidation landscape.

NCLT Approval and Company Response

Following media reports about the merger approval, Ambuja Cements issued a formal clarification to stock exchanges on April 2, 2026. The company confirmed that the NCLT Ahmedabad pronounced its order on March 30, 2026, sanctioning the Scheme of Arrangement between Penna Cement Industries Limited (Transferor Company) and Ambuja Cements Limited (Transferee Company).

Regulatory Disclosure Timeline

The company has maintained comprehensive disclosure practices throughout the merger process, providing regular updates to stock exchanges. The regulatory journey began with board approval and progressed through various statutory requirements.

Corporate Integration Process

With the NCLT approval secured and immediately disclosed to stock exchanges on March 30, 2026, Ambuja Cements can now proceed with integrating Penna Cement Industries' operations. The company emphasized that all relevant updates have been disclosed in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The regulatory clearance provides the legal foundation for combining operational capabilities and market presence of both cement companies under the Ambuja Cements umbrella, completing a structured merger process that has been transparent throughout its duration.