Sanghi Industries Limited (SIL) has announced a crucial equity shareholders meeting scheduled for November 20, 2025, to consider a significant corporate action - a Scheme of Arrangement with Ambuja Cements Limited. This development marks a potential major shift in the Indian cement industry landscape.

Key Meeting Details

• Date and Time: November 20, 2025, at 11:00 AM IST
• Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
• Purpose: To consider and potentially approve the Scheme of Arrangement between Sanghi Industries (transferor company) and Ambuja Cements (transferee company)

Legal Framework

The meeting follows orders from the National Company Law Tribunal (NCLT), Ahmedabad Bench, dated September 26, 2025, and October 9, 2025. This aligns with the provisions of Sections 230-232 of the Companies Act, 2013, which govern mergers and acquisitions in India.

Public Notifications

SIL has ensured wide dissemination of the meeting notice:

• Published in Indian Express (All editions) in English on October 15, 2025
• Published in Gujarati in Financial Express (Ahmedabad edition) on October 16, 2025

Implications for Shareholders

This meeting is crucial for SIL's equity shareholders as it involves a potential transfer/merger arrangement with Ambuja Cements, a significant player in the Indian cement market. Shareholders will have the opportunity to voice their opinions and vote on this strategic move.

Corporate Governance and Transparency

In line with regulatory requirements, SIL has made the meeting details, including the Scheme and Explanatory Statement, available on various platforms:

• Company's website: www.sanghicement.com
• Stock exchanges: NSE ( www.nseindia.com ) and BSE ( www.bseindia.com )
• Central Depository Services (India) Limited: www.evotingindia.com

Voting Process

To ensure maximum participation, SIL is providing:

• Remote e-voting facility
• E-voting during the meeting

The cut-off date for determining voting rights is set as November 14, 2025.

Industry Impact

This potential merger between Sanghi Industries and Ambuja Cements could significantly alter the competitive landscape of the Indian cement industry. It may lead to increased market consolidation and potentially affect pricing dynamics in the sector.

As the cement industry plays a crucial role in India's infrastructure development, the outcome of this meeting and the proposed merger will be closely watched by industry analysts, investors, and policymakers alike.

Sanghi Industries Limited (SIL) has announced a significant step forward in its proposed merger with Ambuja Cements Limited. The company has received an order from the National Company Law Tribunal (NCLT), Ahmedabad Bench, to convene a meeting of its equity shareholders to consider and approve the amalgamation scheme.

Key Details of the Shareholder Meeting

The meeting will focus on the proposed amalgamation scheme between Sanghi Industries Limited, acting as the transferor company, and Ambuja Cements Limited, as the transferee company.

Background of the Merger Proposal

The roots of this merger proposal trace back to December 17, 2024, when Sanghi Industries first disclosed the proposed arrangement to merge with Ambuja Cements. This latest development, as revealed in a disclosure dated September 26, 2025, marks a crucial progression in the merger process.

NCLT Order and Company's Response

The NCLT order directs Sanghi Industries to convene and hold a meeting of its equity shareholders through Video Conference or Other Audio Visual Means. During this meeting, shareholders will have the opportunity to consider and, if deemed appropriate, approve the arrangement embodied in the Scheme, with or without modifications.

Pranjali Dubey, Company Secretary & Compliance Officer of Sanghi Industries Limited, confirmed that all relevant documents, including a copy of the NCLT order, will be made available on the company's official website at www.sanghicement.com .

Implications for Shareholders and the Industry

This merger, if approved, could potentially reshape the competitive landscape in the cement industry. Shareholders of Sanghi Industries will play a crucial role in determining the future direction of the company through their votes at the upcoming meeting.

The proposed amalgamation between Sanghi Industries and Ambuja Cements represents a significant move in the Indian cement sector, potentially leading to synergies and a stronger market position for the combined entity.

As the date of the shareholder meeting approaches, all eyes will be on the outcome, which could have far-reaching implications for both companies and the broader cement industry in India.