Ambuja Cements announces NCLT approval of merger with Penna Cement
Ambuja Cements · Cement & Cement Products
Key highlights
- Ambuja Cements filed a Scheme of Arrangement with Penna Cement Industries and shareholders before NCLT Ahmedabad
- Key disclosures made from Dec 17, 2024 to Dec 30, 2025, including board approval, NOC, shareholder meetings, and voting outcomes
- NCLT sanctioned the merger scheme on March 30, 2026, and Ambuja promptly disclosed the order to stock exchanges
Why it's rated notable: The NCLT sanction of the Penna Cement merger is binding, but the filing states no value for the scheme, so it is kept at medium as a subsidiary amalgamation with no stated value.
Original filing
Clarification On Media Report Appearing On NDTV Profits Dated March 30, 2026
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
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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.