Announcement • Mar 13
Ambuja Cements Limited (BSE:500425) completed the acquisition of remaining 41.92% stake in Sanghi Industries Limited (NSEI:SANGHIIND). Ambuja Cements Limited (BSE:500425) agreed to acquire remaining 41.92% stake in Sanghi Industries Limited (NSEI:SANGHIIND) for INR 7.4 billion on December 17, 2024. The consideration consists of 12.99 million common equity of Ambuja Cements Limited at a ratio of 0.12 per common equity of Sanghi Industries Limited. Before completion, Ambuja Cements Limited owns 58.08% stake in Sanghi Industries Limited. Upon completion, Ambuja Cements Limited will own 100% stake in Sanghi Industries Limited.
The transaction is subject to board, shareholder, creditors and statutory approval and approval of National Company Law Tribunal. Board of Ambuja Cements Limited approved the acquisition. As on July 17, 2025, National Stock Exchange approved the transaction. As of July 18, 2025, Sanghi Industries has also received observation letter dated July 17, 2025 with ‘no adverse objection’ from BSE Limited. As per the announcement dated January 30, 2026 both companies conducted their respective shareholder meetings on November 20, 2025. The NCLT hearing completed on January 29, 2026. The outcome of the matter is awaited as on the time of approval of this financial results. The entire process is expected to be completed by March 2026. NCLT approved the transaction on February 09, 2026.
Vivro Financial Services Private Limited acted as fairness opinion provider to Sanghi Industries Limited. MUFG Intime India Private Limited acted as transfer agent and registrar for Ambuja Cements Limited.
Ambuja Cements Limited (BSE:500425) completed the acquisition of remaining 41.92% stake in Sanghi Industries Limited (NSEI:SANGHIIND) on March 12, 2026. Ambuja Cements Limited & Sanghi Industries Limited have filed the certified copy of the NCLT Order with the Registrar of Companies, Ahmedabad, Gujarat today. With this filing, the Company and theTransferor Company have now complied with all the conditions specified in Clause 3.3 of the Scheme. Accordingly, the Scheme has become effective on March 12, 2026 and consequently, Transferor Company stands amalgamated with the Company and dissolved without being wound up. In accordance with the Scheme, the Appointed Date of the Scheme is April 1, 2024. Further, in accordance with the Scheme and pursuant to its effectiveness, the equity shareholders of the Transferor Company whose name appears in the Register of Members of the Transferor Company as on April 6, 2026 will be entitled for allotment of equity shares of the Company. Reported Earnings • Jan 30
Third quarter 2026 earnings released: ₹4.47 loss per share (vs ₹3.75 loss in 3Q 2025) Third quarter 2026 results: ₹4.47 loss per share (further deteriorated from ₹3.75 loss in 3Q 2025). Revenue: ₹2.84b (up 9.5% from 3Q 2025). Net loss: ₹1.15b (loss widened 19% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Jan 29
Sanghi Industries Limited Appoints Mr. Rohit Soni as Additional Director (Non-Executive Non-Independent), Effective January 31, 2026 Sanghi Industries Limited has appointed Mr. Rohit Soni as Additional Director (Non-Executive Non-Independent) with effect from January 31, 2026. Mr. Rohit Soni is a distinguished finance leader and Chartered Accountant, as well as an alumnus of Harvard Business School’s General Management Program. Presently, he serves as Chief Financial Officer of Cement business. Previously, he served as Chief Financial Officer (CFO) at Adani New Industries Limited (ANIL) from March 2024 to November 2025, where he led financial strategy for green hydrogen and renewable energy initiatives. He also held the position of CFO at Adani Energy Solutions Limited (AESL) from September 2021 to March 2024, successfully raising equity funds and managing finances for over 60 subsidiaries supporting large-scale infrastructure projects. He has also held several leadership positions with the Vedanta Group, including serving as Chief Procurement Officer and also as a CFO for various Vedanta Companies. His leadership excellence has been recognized with the ET Great Manager (Senior Leader) award by Economic Times and TAPMI in November 2019. He is not related to any director of the Company. Mr. Rohit Soni is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other such authority. 
