Announcement • May 05
Ambuja Cements Limited announces Annual dividend, payable on July 26, 2026 Ambuja Cements Limited announced Annual dividend of INR 2.0000 per share payable on July 26, 2026, ex-date on June 12, 2026 and record date on June 12, 2026. Announcement • May 04
Ambuja Cements Limited, Annual General Meeting, Jun 26, 2026 Ambuja Cements Limited, Annual General Meeting, Jun 26, 2026, at 14:30 Indian Standard Time. Announcement • Apr 14
Ambuja Cements Limited to Report Q4, 2026 Results on May 04, 2026 Ambuja Cements Limited announced that they will report Q4, 2026 results on May 04, 2026 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. Announcement • Jan 10
Ambuja Cements Limited to Report Q3, 2026 Results on Jan 30, 2026 Ambuja Cements Limited announced that they will report Q3, 2026 results on Jan 30, 2026 Announcement • Dec 23
Ambuja Cements Limited (BSE:500425) agreed to acquire remaining 27.34% stake in Orient Cement Limited (NSEI:ORIENTCEM) for INR 10 billion. Ambuja Cements Limited (BSE:500425) agreed to acquire remaining 27.34% stake in Orient Cement Limited (NSEI:ORIENTCEM) for INR 10 billion on December 22, 2025. The consideration will be paid by buyer for every 100 equity shares of Orient Cement with a face value of INR 1 each, Ambuja Cements will issue 33 equity shares with a face value of INR 2 each, to eligible shareholders of Orient Cement.
Board of Directors of the Company at its meeting held on December 22, 2025, approved the Scheme of Amalgamation. The Schemes are subject to necessary statutory and regulatory approvals under the applicable laws, including approval of the jurisdictional National Company Law Tribunal.
GT Valuation Advisors Pvt. Ltd. & BDO Valuation Advisory LLP, registered valuers are the independent joint valuers, IDBI Capital Markets & Securities Ltd. and SBI Capital Markets Ltd. have provided opinions fairness of the joint valuations, Cyril Amarchand Mangaldas and Singhi & Co. are legal advisors in deal. Announcement • Nov 22
Ambuja Cements Limited Announces CFO Changes Ambuja Cements Limited at its board meeting held on November 21, 2025, announced that Mr. Rakesh Tiwary, Chief Financial Officer (Key Managerial Personnel) will relinquish his position as Chief Financial Officer of the Company, in view of transition to a new role which shall be effective from closure of the business hours on November 21, 2025. Pursuant to the ongoing leadership development process across the Adani Group, Mr. Rakesh Tiwary will be assuming a new role within the Adani portfolio of companies. Mr. Rohit Soni who served as Chief Financial Officer of Adani New Industries Limited (ANIL), will assume the role of Chief Financial Officer of the Company (Key Managerial Personnel) effective from November 22, 2025. Mr. Rohit Soni is a distinguished finance leader and Chartered Accountant, as well as an alumnus of Harvard Business School's General Management Program. He served as Chief Financial Officer (CFO) at Adani New Industries Limited (ANIL) since March 2024, where he led financial strategy for green hydrogen and renewable energy initiatives. Previously, he 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 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. Announcement • Oct 15
Ambuja Cements Limited to Report Q2, 2026 Results on Nov 03, 2025 Ambuja Cements Limited announced that they will report Q2, 2026 results at 9:15 AM, Indian Standard Time on Nov 03, 2025 Announcement • Jul 15
Ambuja Cements Limited to Report Q1, 2026 Results on Jul 31, 2025 Ambuja Cements Limited announced that they will report Q1, 2026 results on Jul 31, 2025 Announcement • Apr 30
Ambuja Cements Limited announces Annual dividend, payable on July 26, 2025 Ambuja Cements Limited announced Annual dividend of INR 2.0000 per share payable on July 26, 2025, ex-date on June 13, 2025 and record date on June 13, 2025. Announcement • Apr 29
Ambuja Cements Limited, Annual General Meeting, Jun 26, 2025 Ambuja Cements Limited, Annual General Meeting, Jun 26, 2025, at 14:30 Indian Standard Time. Announcement • Apr 24
Ambuja Cements Limited (BSE:500425) completed the acquisition of 8.90% stake in Orient Cement Limited (NSEI:ORIENTCEM). Ambuja Cements Limited (BSE:500425) agreed to acquire 8.90% stake in Orient Cement Limited (NSEI:ORIENTCEM) for INR 7.2 billion on October 22, 2024. A cash consideration of INR 7.21 billion valued at INR 395.4 per share will be paid by Ambuja Cements Limited. As part of consideration, INR 7.21 billion is paid towards common equity of Orient Cement Limited. The transaction will be financed through equity investment of INR 7.21 billion.
The transaction is subject to approval of offer by acquirer board and subject to antitrust regulations. The deal has been approved by the board. As of March 4, 2025, the deal has been approved by Competition Commission of India. Cyril Amarchand Mangaldas acted as legal advisor to Ambuja Cements Limited (BSE:500425) and Khaitan & Co. acted as legal advisor to Orient Cement Limited (NSEI:ORIENTCEM).
Ambuja Cements Limited (BSE:500425) completed the acquisition of 8.90% stake in Orient Cement Limited (NSEI:ORIENTCEM) for April 22, 2025. Announcement • Apr 23
Ambuja Cements Limited (BSE:500425) completed the acquisition of 37.90% stake in Orient Cement Limited (NSEI:ORIENTCEM). Ambuja Cements Limited (BSE:500425) agreed to acquire 37.90% stake in Orient Cement Limited (NSEI:ORIENTCEM) for INR 30.7 billion on October 22, 2024. A cash consideration of INR 30.7 billion valued at INR 395.4 per share will be paid by Ambuja Cements Limited. As part of consideration, INR 30.7 billion is paid towards common equity of Orient Cement Limited. The transaction will be financed through equity investment of INR 30.7 billion.
The transaction is subject to approval of offer by acquirer board and subject to antitrust regulations. The deal has been approved by the board. As of April 22, 2025, Ambuja Cements has completed the acquisition of 9,58,73,163 equity shares constituting 46.66% of the existing share capital of OCL pursuant to the SPAs and the Company will undertake necessary actions in compliance with its obligations under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 in relation to the Open Offer.
Cyril Shroff, L. Viswanathan, Ruetveij Pandya, Abhilasha Malpani, paridhi adani, Smruti Shah, Avaantika kakkar, Ramanuj kumar, Abhilash pillai, Gyanendra Kumar and Monark Gahlot of Cyril Amarchand Mangaldas acted as legal advisor to Ambuja Cements Limited. Ernst & Young Private Limited, Investment Banking Arm acted as the financial advisor to Central India Industries Limited. Mandar Gadkari of BDO India LLP acted as financial advisor to Ambuja Cements Limited.
Ambuja Cements Limited (BSE:500425) completed the acquisition of 37.90% stake in Orient Cement Limited (NSEI:ORIENTCEM) on April 22, 2025. Announcement • Mar 30
Ambuja Cements Limited Approves Chief Financial Officer Changes Ambuja Cements Limited at its meeting held on March 28, 2025 approved Appointment of Mr. Rakesh Tiwary as Chief Financial Officer (Key Managerial Personnel) of the Company with effect from 1st April 2025; Cessation of Mr. Vinod Bahety as Chief Financial Officer of the Company effective from closure of the business hours on 31st March 2025. Reason for change: In alignment with Adani Group's internal leadership transitions and planning to continue fostering sustainable growth and an evolving leadership development consistent with the broader group and Company objectives, a leadership transition is proposed. Mr. Rakesh Tiwary has been appointed as Chief Financial Officer of the Company (Cement business) (Key Managerial Personnel) with effect from 1st April 2025. Pursuant to the said appointment, Mr. Tiwary will cease to be CFO of Adani Airports Holding Limited (AAHL/Airport Business) effective from the close of the business hours on 31st March 2025. Mr. Rakesh Tiwary is a qualified Chartered Accountant, Cost Accountant, Company Secretary and MBA with around 25 years of experience. Prior to Adani Group, Mr. Tiwary worked with various reputed companies like Indian Oil, Reliance Industries Limited and JSW Steel Limited. He joined the Adani Group in February 2016. From 2016 to 2022, he served as the CFO of Mundra Solar Photovoltaic Limited (Adani Solar) and Adani Electricity Mumbai Limited. In April 2022, he transitioned to the role of Head of Financial Management and Control for the Airports Business and later became CFO of the Airports Business. He has over two decades of experience in spearheading a wide spectrum of accounts finance. His expertise is in finance, accounts and commercial functions of business, fund raising management, working capital assessment, credit control, taxation and audit. Mr. Vinod Bahety is Chief Financial Officer of Cement business from 16 September 2022. He has more than 25 years of corporate experience in various leadership positions in the Manufacturing and Finance industries. Prior to joining as the CFO of Cement business, he served as the Group Head for Merger & Acquisition at Adani Group. He played a crucial role in several major M&A mandates for the Group. During his tenure in the banking industry, he successfully led some of the largest mandates in infrastructure projects financing, contributing significantly to nation building. He holds qualifications as a Chartered Accountant (CA) and a Cost and Works Accountant (CWA). Announcement • Dec 05
Adani Group Reportedly Evaluates Acquiring Star Cement for Expansion in the North East Adani Enterprises Limited (BSE:512599) unit Ambuja Cements Limited (BSE:500425) is in talks to acquire Star Cement Limited (BSE:540575), a market leader in the North East, as part of its expansion strategy, according to people familiar with the matter. The group is said to have appointed consultancy firm EY for evaluating the deal, they said. Adani Cement did not immediately respond to requests for comment. Star Cement clarified that it is not engaged in any discussions with the group and called the development as 'speculative'. "The company is always evaluating options for growth opportunities," said an Adani Group official. Announcement • Dec 04
Star Cement Denies Reports of Acquisition Talks with Adani Group Star Cement Limited (BSE:540575) on December 4, 2024 dismissed reports suggesting that Adani Enterprises Limited (BSE:512599)’s Ambuja Cements Limited (BSE:500425) is evaluating a potential acquisition of the company to expand its presence in the North East. The company labeled the claims as speculative and clarified that no such discussions are underway. In a filing to the stock exchanges, Star Cement stated, “With reference to the news item that appeared in ‘Money Control,’ we hereby clarify that the above-mentioned news item is speculative, and the company is not engaged in any discussions in this regard.” The company further emphasised its commitment to regulatory compliance, saying, “We have always made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.” Earlier, MoneyControl had reported that Ambuja Cement, a subsidiary of the Adani Group, was in talks to acquire Star Cement as part of its expansion strategy in the North East, where Star Cement holds a significant market share. The clarification from Star Cement comes amid heightened scrutiny of merger and acquisition activities in India’s cement sector, following Adani Group’s increasing interest in strengthening its position in the industry. Announcement • Oct 24
Ambuja Cements Limited (BSE:500425) agreed to acquire 37.90% stake in Orient Cement Limited (NSEI:ORIENTCEM) for INR 30.7 billion. Ambuja Cements Limited (BSE:500425) agreed to acquire 37.90% stake in Orient Cement Limited (NSEI:ORIENTCEM) for INR 30.7 billion on October 22, 2024. A cash consideration of INR 30.7 billion valued at INR 395.4 per share will be paid by Ambuja Cements Limited. As part of consideration, INR 30.7 billion is paid towards common equity of Orient Cement Limited. The transaction will be financed through equity investment of INR 30.7 billion.
The transaction is subject to approval of offer by acquirer board and subject to antitrust regulations. The deal has been approved by the board. Announcement • Oct 08
Adani Group Reportedly Lays Bricks to Buy Heidelberg's India Cement Unit Adani Enterprises Limited (BSE:512599) (The Adani Group) has begun talks to acquire the Indian cement operations of Germany's Heidelberg Materials AG (XTRA:HEI), according to people familiar with the matter. The proposed buyout of Heidelberg's India unit will be led by Adani Group company Ambuja Cements Limited (BSE:500425) (Ambuja Cements) and could be worth around $1.2 billion (INR 100.00 billion), they said. If successful, it will accelerate the consolidation wave that's sweeping the industry. Announcement • Aug 17
Ambuja Cements Limited (BSE:500425) completed the acquisition of Penna Cement Industries Limited from promoter group, P. Pratap Reddy and family. Ambuja Cements Limited (BSE:500425) entered into a binding agreement to acquire Penna Cement Industries Limited from promoter group, P. Pratap Reddy and family for an enterprise value of INR 104 billion on June 13, 2024. The acquisition will be fully funded through internal accruals. The existing dealers of Penna will move to Adani Cement’s market network to bring in formidable synergy. Penna Cement Industries Limited reported total revenue of INR 12.41 billion for FY 23-24. The transaction is subject to subject to necessary government / regulatory approvals. The expected completion of the transaction is expected to close within 3-4 months.
Ambuja Cements Limited (BSE:500425) completed the acquisition of Penna Cement Industries Limited from promoter group, P. Pratap Reddy and family on August 16, 2024. Announcement • Jun 14
Ambuja Cements Limited (BSE:500425) entered into a binding agreement to acquire Penna Cement Industries Limited from promoter group, P. Pratap Reddy and family for an enterprise value of INR 104 billion. Ambuja Cements Limited (BSE:500425) entered into a binding agreement to acquire Penna Cement Industries Limited from promoter group, P. Pratap Reddy and family for an enterprise value of INR 104 billion on June 13, 2024. The acquisition will be fully funded through internal accruals. The existing dealers of Penna will move to Adani Cement’s market network to bring in formidable synergy. Penna Cement Industries Limited reported total revenue of INR 12.41 billion for FY 23-24. The transaction is subject to subject to necessary government / regulatory approvals. The expected completion of the transaction is expected to close within 3-4 months. Announcement • Apr 21
Ambuja Cements Limited to Report Q4, 2024 Results on May 01, 2024 Ambuja Cements Limited announced that they will report Q4, 2024 results on May 01, 2024 Announcement • Jan 31
Ambuja Cements Limited Announces Executive Changes Ambuja Cements Limited announced that Mr. Navin Malhotra has been elevated as Chief Sales & Marketing Officer and SMP of the company, effective January 31, 2024. Mr. Diwakar Payal has assumed a new role of Adviser to CEO office' and ceased to act as Chief Sales and Marketing Officer andSMP, effective January 31, 2024. Mr. Navin Malhotra brings with him an experience of over 2 decades working in Corp. Sector with an acumen in Sales, Marketing, Technical and Logistics function. He is a Graduate in Commerce from Lucknow University, 1993 and holds two Post Graduatedegrees in MIBM (Master of International Business Management with specialization in Sales & Marketing) from University of Lucknowand M.B.A. (Finance) from I.G.N.O.U. Announcement • Jan 18
Ambuja Cements Limited to Report Q3, 2024 Results on Jan 31, 2024 Ambuja Cements Limited announced that they will report Q3, 2024 results on Jan 31, 2024 Announcement • Dec 18
Ambuja Cements Limited Announces Investment of INR 6,000 Million in Renewable Power Projects Ambuja Cements Limited has unveiled an audacious goal solidifying its position as a frontrunner in the global arena of sustainable cement production. In a monumental stride towards a greener future, the Company has committed a significant investment of INR 6,000 million in renewable power projects, targeting a capacity of 1,000 MW. This transformative investment encompasses a diverse portfolio of solar and wind power projects strategically positioned across Gujarat and Rajasthan. The lineup includes a 600 MW Solar Power project and 150 MW Wind Power project in Gujarat and a 250 MW Solar Power project in Rajasthan. This will be achieved by Fiscal Year 2026 (200 MW by March'24) in addition to the existing 84 MW of Solar & Wind Power. The investment not only demonstrates commitment to environmental sustainability but also promises compelling economic advantages to Ambuja's planned larger capacity of 140 MPTA. With lower cost of generation from green power, the power cost will come down from INR 1.30 per kWh (20%), which translates into INR 90 PMT of cement for targeted capacity of 140 MTPA by Fiscal Year 2028, accelerating the Company's ESG targets. Additionally, green power will assist in enabling an increased supply of green cement, making it possible for the user industry (inf infrastructure and housing) to go green. Ambuja Cements is also enhancing its Waste Heat Recovery Systems (WHRS) capacity from the current 103 MW to 397 MW over the period of 5 years (134 MW by March'24), which will further reduce the power cost. These initiatives are pivotal part of a broader vision which will help Ambuja achieve the leading share of Green Power amongst its peers, reaching 60% for the planned capacity of 140 MTPA from the current 19%. Announcement • Dec 06
Ambuja Cements Ltd completed the acquisition of 54.51% stake in Sanghi Industries Limited (NSEI:SANGHIIND) from Ravi Sanghi, Anita Sanghi, Ekta Sanghi, Aditya Sanghi, Alok Sanghi, Sanghi Polymers Private Limited, Samruddhi Investors Services Private Limited, Flarezeal Solutions LLP and Thinkfar Tradelink Private Limited. Ambuja Cements Ltd entered into an agreement to acquire 56.74% stake in Sanghi Industries Limited (NSEI:SANGHIIND) from Ravi Sanghi, Anita Sanghi, Ekta Sanghi, Aditya Sanghi, Alok Sanghi, Sanghi Polymers Private Limited, Samruddhi Investors Services Private Limited, Flarezeal Solutions LLP and Thinkfar Tradelink Private Limited for INR 16.74 billion on August 3, 2023. The transaction will close 3-4 months. Ruetveij Pandya, Paridhi Adani, Jeeta Nayak, Avaantika Kakkar, Kirthi Srinivas and Vijay Pratap Singh Chauhan of Cyril Amarchand Mangaldas assisted Ambuja on this acquisition. Abhishek Dadoo, Gaurav Malhotra, Jayantika Khanna and Astha Tambi of Khaitan & Co as a legal advisor for Sanghi Industries Limited.
Ambuja Cements Ltd completed the acquisition of 54.51% stake in Sanghi Industries Limited (NSEI:SANGHIIND) from Ravi Sanghi, Anita Sanghi, Ekta Sanghi, Aditya Sanghi, Alok Sanghi, Sanghi Polymers Private Limited, Samruddhi Investors Services Private Limited, Flarezeal Solutions LLP and Thinkfar Tradelink Private Limited on December 5, 2023. Announcement • Oct 24
Ambuja Cements Limited to Report Q2, 2024 Results on Nov 01, 2023 Ambuja Cements Limited announced that they will report Q2, 2024 results on Nov 01, 2023 Announcement • Sep 06
Ambuja Cements Limited Announces Resignation of KA Chowdary as Chief Projects Officer, Effective from the Closing Hours of 8Th September, 2023 Ambuja Cements Limited announced that Mr. KA Chowdary, Chief Projects Officer has resigned from the services of the Company effective from the closing hours of 8th September, 2023. Announcement • Aug 05
Ambuja Cements Ltd entered into an agreement to acquire 56.74% stake in Sanghi Industries Limited (NSEI:SANGHIIND) from Ravi Sanghi, Anita Sanghi, Ekta Sanghi, Aditya Sanghi, Alok Sanghi, Sanghi Polymers Private Limited, Samruddhi Investors Services Private Limited, Flarezeal Solutions LLP and Thinkfar Tradelink Private Limited for INR 16.74 billion. Ambuja Cements Ltd entered into an agreement to acquire 56.74% stake in Sanghi Industries Limited (NSEI:SANGHIIND) from Ravi Sanghi, Anita Sanghi, Ekta Sanghi, Aditya Sanghi, Alok Sanghi, Sanghi Polymers Private Limited, Samruddhi Investors Services Private Limited, Flarezeal Solutions LLP and Thinkfar Tradelink Private Limited for INR 16.74 billion on August 3, 2023. The transaction will close 3-4 months. Ruetveij Pandya, Paridhi Adani, Jeeta Nayak, Avaantika Kakkar, Kirthi Srinivas and Vijay Pratap Singh Chauhan of Cyril Amarchand Mangaldas assisted Ambuja on this acquisition. Abhishek Dadoo of Khaitan & Co acted for Sanghi Industries in this deal. Announcement • Aug 04
Ambuja Cements to Make INR 7,670 Million Open Offer to Acquire 26% in Sanghi Industries Ambuja Cements Limited, (BSE:500425) an Adani Group company, has made a INR 7,670 million open offer to acquire up to 67.1 million equity shares or 26% stake of Sanghi Industries Limited (NSEI:SANGHIIND) shares at INR 114.22 a piece. The offer follows Ambuja Cements acquiring 56.74% shares of SIL at an enterprise value of INR 50,000 million from its existing promoter group, Ravi Sanghi & family. Ambuja Cements has proposed to fund the deal through internal accruals. Ambuja Cements will also pump in INR 3,000 million as inter corporate deposit agreement to meet the general corporate purposes of Sanghi Industries. Gautam Adani, Chairman of the Adani Group, said the deal will help Ambuja expand its market presence, strengthen its product portfolio, and reinforce its position as a leader in the construction materials sector. With this acquisition, the Adani Group is on course to achieving its target of 140 MTPA of cement manufacturing capacity by 2028, ahead of time. The acquisition of SIL will enhance Ambuja Cements capacity to 73.6 MTPA from 67.5 MTPA. With a 14 MTPA capex and the commissioning of 5.5 MTPA capacity at Dahej and Ametha by Second Quarter of Fiscal 2024, the Adani Group’s capacity will be 101 MTPA by 2025. Announcement • Aug 03
Ambuja Cements Limited Appoints Hitesh L. Marthak as Company Secretary and Compliance Officer, Effective 17 August,2023 Ambuja Cements Limited announced Based on recommendation of Nomination and Remuneration Committee, the Board also approved the appointment of Company Secretary and Compliance officer effective 17th August,2023. Mr. Hitesh L. Marthak has been appointed as Company Secretary and Compliance Officer & KMP of the Company Mr. Hitesh has 25 years of rich and diversified experience in the areas of Strategic Company Secretarial, Stakeholder Engagement and People Management matters. Announcement • Jul 29
Ambuja Cements Limited to Report Q2, 2023 Results on Aug 02, 2023 Ambuja Cements Limited announced that they will report Q2, 2023 results on Aug 02, 2023 Announcement • Jul 25
Adani Group's Ambuja-ACC, JK Lakshmi Reportedly Lead Race to Acquire Sanghi Cement Adani group-owned Ambuja Cements Limited (BSE:500425)-ACC Limited (NSEI:ACC) and JK Lakshmi Cement Limited (BSE:500380) are ahead in the race to acquire Ahmedabad-based Sanghi Cements, Ltd. which is being sold for an estimated enterprise value of INR 60,000 million, people familiar with the matter said. The two frontrunners are expected to start due diligence on the company soon and, if it is satisfactory, place formal offers over the next two months, they said. Shree Cement Limited (NSEI:SHREECEM), Nirma Limited and Dalmia Bharat Limited (NSEI:DALBHARAT) had also submitted proposals to acquire a controlling stake in Sanghi Cement company, but are no longer in the running, the people said. Sanghi Cement is controlled by the family of Ravi Sanghi, promoters of Sanghi Industries. Sanghi Industries' shares hit a 52-week high of INR 93.35 on the BSE on July 24, 2023, giving the company a market capitalisation of around INR 24,000 million "No comments on market speculation," an Adani group spokesperson said in response to ET's queries. JK Lakshmi Cement and Sanghi Cement declined to comment. Dalmia and Nirma group also declined to comment. Shree Cement confirmed it has dropped out of the race to acquire Sanghi Cement. Ambuja-ACC, JK Lakshmi Cement and UltraTech are the top three cement players in Gujarat from where Sanghi Cement derives the bulk of its revenues. "It's a very strong strategic fit for Ambuja-ACC," a person briefed about discussions on the transaction remarked. Announcement • Jan 28
Ambuja Cements Limited to Report Q3, 2023 Results on Feb 07, 2023 Ambuja Cements Limited announced that they will report Q3, 2023 results on Feb 07, 2023 Announcement • Apr 22
Ambuja Cements Limited Announces Resignation of Mahendra Kumar Sharma as Non-Executive, Non-Independent Director, April 29, 2022 Ambuja Cements Limited announced that Mr. Mahendra Kumar Sharma Non-Executive, Non-Independent Director representing Holcim Ltd., has vide a letter dated April 20, 2022 tendered his resignation with effect from the closure of the Business hours on April 29, 2022 as he will be attaining the age of 75 years on 4th May, 2022. Mr. Sharma has confirmed to the Company that there are no other material reasons for his resignation other than the one which is mentioned hereinabove. Announcement • Apr 14
Ambuja Cements Limited to Report Q1, 2022 Results on Apr 28, 2022 Ambuja Cements Limited announced that they will report Q1, 2022 results on Apr 28, 2022 Announcement • Mar 04
Ambuja Cements Limited, Annual General Meeting, Apr 29, 2022 Ambuja Cements Limited, Annual General Meeting, Apr 29, 2022. Agenda: To consider payment of Dividend. Announcement • Feb 18
Ambuja Cements Limited Proposes Final Dividend, Payable on April 29, 2022 Ambuja Cements Limited at its board meeting held on February 17, 2022 declared final dividend equity shares at the rate of INR 6.30 per share subject to approval of shareholders at the upcoming annual general meeting. The dividend if approved by the shareholders, shall be paid after 29th April 2022. Announcement • Feb 02
Ambuja Cements Limited to Report Q4, 2021 Results on Feb 17, 2022 Ambuja Cements Limited announced that they will report Q4, 2021 results on Feb 17, 2022 Announcement • Feb 19
Ambuja Cements Limited, Annual General Meeting, Apr 09, 2021 Ambuja Cements Limited, Annual General Meeting, Apr 09, 2021. Announcement • Feb 02
Ambuja Cements Limited to Report Q4, 2020 Results on Feb 18, 2021 Ambuja Cements Limited announced that they will report Q4, 2020 results on Feb 18, 2021 Announcement • Dec 25
Ambuja Cements Limited Announces Directorate Changes Ambuja Cements Limited announced that at the board meeting held on December 23, 2020 approved the resignation of Roland Kohler as an Non-Executive Non- Independent Director of the company. The board also approve the appointment of Ramanathan Muthu as an Non- Executive (Non-Independent) Director of the Company with effect from December 23, 2020, to fill in the casual vacancy caused due to the Resignation of Mr. Roland Kohler. Announcement • Oct 07
Ambuja Cements Limited to Report Q3, 2020 Results on Oct 22, 2020 Ambuja Cements Limited announced that they will report Q3, 2020 results on Oct 22, 2020 Announcement • Jul 08
Ambuja Cements Limited to Report Q2, 2020 Results on Jul 24, 2020 Ambuja Cements Limited announced that they will report Q2, 2020 results on Jul 24, 2020