NCLT Ahmedabad sanctions Penna Cement Industries merger into Ambuja Cements
Ambuja Cements · Cement & Cement Products
Key highlights
- NCLT Ahmedabad on 30.03.2026 sanctioned the Scheme of Amalgamation of Penna Cement Industries Ltd into Ambuja Cements Ltd; the Appointed Date is 16.08.2024.
- Ambuja holds 99.94% of Penna; other Penna shareholders get cash of Rs.321.50 for every 1 fully paid-up equity share of Rs. 10/- each, payable within 30 days of the Effective Date.
- Penna had revenue from operations of Rs.1,456.44 crores and other income of Rs.15.34 crores in FY 2024-2025; its paid-up share capital was Rs.133,80,00,000/- as on 30.11.2025.
Why it's rated notable: The NCLT sanctioned the merger of Penna Cement Industries Ltd, which Ambuja holds at 99.94%, into Ambuja, with no total value stated and only a cash payment of Rs.321.50 per share to the remaining minority, so it is an internal restructuring rated at medium.
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
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
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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.