Ambuja Cements Limited announces effective date of scheme of arrangement with Penna Cement
Ambuja Cements · Cement & Cement Products
Key highlights
- Scheme of arrangement sanctioned by NCLT Ahmedabad on March 30, 2026, between Penna Cement (Transferor) and Ambuja Cements (Transferee)
- Effective date of scheme is April 10, 2026, following filing of certified order with Registrar of Companies
- Penna Cement amalgamated with Ambuja Cements as of April 10, 2026; cash consideration to Penna equity shareholders as per scheme clause 2.3.2
Why it's rated notable: The filing confirms the scheme's effective date and the amalgamation of Penna Cement Industries Limited into Ambuja Cements Limited, but states no value involved, so the level is capped at medium for a subsidiary amalgamation.
Original filing
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Ambuja Cements
- Capex / expansionNotableAmbuja Cements announces ~30 MTPA cement capacity expansion plan
- Acquisition / mergerMajor development· Adverse for the businessAmbuja Cements Q2 FY27: volume 16.5 MnT, PAT Rs 236 Cr vs Rs 2,336 Cr a year earlier
- Financial resultsMajor development· Adverse for the businessAmbuja Cements reports lower quarterly profit; board approves 26% SWE Renewables stake
- Capex / expansionNotableAmbuja Cements Limited commissions new cement units increasing capacity
- Acquisition / mergerNotableAmbuja Cements equity shareholders approve Orient Cement amalgamation scheme
Other acquisition / merger filings this fortnight
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Potential multibaggers · Q2 FY27
Potential multibaggers in Cement & Cement Products
on management's own guidance
- J K CementsGood growth2
- Strong growth1
- ACCGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.