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Ambuja Cements Board to Meet May 4 for Q4 FY26 Results and Dividend Recommendation
Ambuja Cements has scheduled a board meeting on May 4, 2026, to approve the audited standalone and consolidated financial results for the quarter and full year ended March 31, 2026. The board will also consider recommending a dividend for the financial year 2025-26 during this session. An earnings conference call is scheduled for the same day at 5:00 PM IST featuring the CEO and CFO to discuss the business outlook. The trading window for the company's securities remains closed from April 1, 2026, until 48 hours after the results are announced.
Key Highlights
Board meeting set for May 4, 2026, to finalize Q4 and FY26 audited financial results.
Potential dividend recommendation for FY 2025-26 to be discussed by the board.
Earnings conference call scheduled for May 4, 2026, at 5:00 PM IST with top management.
Trading window for insiders closed from April 1, 2026, to May 6, 2026.
Key management participants include CEO Vinod Bahety and CFO Rohit Soni.
💼 Action for Investors
Investors should monitor the May 4 announcement for the dividend yield and management's commentary on volume growth and cost synergies. Maintain current positions while awaiting the full financial performance report.
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Ambuja Cements Allots 1.29 Crore Equity Shares to Sanghi Industries Shareholders
Ambuja Cements has officially approved the allotment of 1,29,93,708 equity shares to the shareholders of Sanghi Industries Limited (SIL) as part of their Scheme of Arrangement. This issuance, finalized on April 10, 2026, follows the share exchange ratio defined in the merger agreement. The new shares carry a face value of Rs. 2 each and will rank pari passu with existing equity. This move marks a critical step in the Adani-owned company's consolidation of Sanghi Industries into its operations.
Key Highlights
Allotment of 1,29,93,708 fully paid-up equity shares of face value Rs. 2 each.
Shares issued to eligible shareholders of Sanghi Industries Limited (SIL) as per the Scheme of Arrangement.
Includes 15,156 shares allotted to Catalyst Trusteeship Limited to manage fractional entitlements.
New shares will be listed on both BSE and NSE and rank equally with existing shares.
The allotment was approved by the Finance Committee in a meeting held on April 10, 2026.
💼 Action for Investors
Investors should monitor the listing of these new shares and focus on the synergy benefits and capacity expansion resulting from the Sanghi Industries integration. The successful share allotment indicates the merger is proceeding according to the regulatory timeline.
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Ambuja Cements Allots 1.29 Crore Equity Shares to Sanghi Industries Shareholders
Ambuja Cements has successfully allotted 1,29,93,708 equity shares to the shareholders of Sanghi Industries Limited (SIL) as part of their Scheme of Arrangement. This allotment follows the strategic acquisition of SIL, aimed at strengthening Ambuja's market position in Western India. The new shares, with a face value of Rs. 2 each, will rank pari passu with existing shares and are set to be listed on the NSE and BSE. This move signifies a key execution milestone in the integration process of Sanghi Industries into the Adani-owned cement business.
Key Highlights
Allotment of 1,29,93,708 fully paid-up equity shares of face value Rs. 2 each.
Includes 15,156 shares allotted to Catalyst Trusteeship Limited to manage fractional entitlements.
New shares will rank pari passu with existing equity shares of Ambuja Cements.
The allotment was approved by the Finance Committee of the Board on April 10, 2026.
Shares are proposed to be listed and traded on both BSE Limited and National Stock Exchange of India Limited.
💼 Action for Investors
Investors should view this as a positive step in the completion of the Sanghi Industries acquisition, which is expected to bring operational synergies. No immediate action is required, but monitor the integration's impact on Ambuja's overall production capacity and margins.
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Ambuja Cements Shareholders Approve Material RPTs with ACC and Orient Cement with 99.99% Majority
Ambuja Cements has secured shareholder approval for material related party transactions (RPT) with ACC Limited and Orient Cement Limited for the financial year 2026-27. Both resolutions were passed with a near-unanimous 99.99% majority of the votes polled. The voting process concluded on April 1, 2026, with strong participation from public institutions, who cast 572.48 million votes in favor. This approval is a key step in ensuring operational integration and synergy within the Adani Group's cement business.
Key Highlights
99.99% of shareholders voted in favor of material RPTs with ACC Limited for FY 2026-27.
99.99% of shareholders approved material RPTs with Orient Cement Limited for the same period.
Public institutions polled 572.48 million votes, 100% of which were in favor of both resolutions.
The total number of votes polled across all categories was approximately 573.11 million shares.
💼 Action for Investors
The overwhelming support from institutional investors signals strong confidence in the company's governance and strategic inter-company dealings. Investors should view this as a positive step for operational efficiency and maintain their long-term outlook on the stock.
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Ambuja Cements Confirms NCLT Approval for Penna Cement Merger
Ambuja Cements has officially confirmed that the National Company Law Tribunal (NCLT) Ahmedabad Bench sanctioned its merger with Penna Cement Industries Limited on March 30, 2026. The company clarified that it had already disclosed the NCLT order to the stock exchanges on the same day it was pronounced. This merger follows a series of regulatory steps, including board approval in December 2024 and shareholder approval in December 2025. The company maintains that all material information regarding the scheme has been timely disclosed.
Key Highlights
NCLT Ahmedabad Bench sanctioned the Scheme of Arrangement with Penna Cement on March 30, 2026
The merger process initiated with Board approval on December 17, 2024
Shareholders approved the scheme in a meeting held on December 30, 2025
Company confirms all material disclosures have been made to exchanges in a timely manner
💼 Action for Investors
Investors should view this as a positive milestone in Ambuja's inorganic growth strategy and capacity expansion. Monitor the integration timeline and potential synergies arising from the Penna Cement acquisition.
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NCLT Approves Ambuja Cements' Merger with Penna Cement; 99.99% Shareholder Support
Ambuja Cements Limited has received formal sanction from the NCLT Ahmedabad Bench for the amalgamation of Penna Cement Industries Limited into the company. The merger, which has an appointed date of August 16, 2024, was overwhelmingly supported by shareholders with 99.9997% of votes cast in favor. This consolidation is designed to integrate operations, achieve economies of scale, and reduce overheads within the Adani Group's cement business. The scheme will become effective once final procedural steps and filings are completed.
Key Highlights
NCLT Ahmedabad sanctioned the Scheme of Arrangement on March 30, 2026, with an appointed date of August 16, 2024.
The resolution for amalgamation received 99.9997% approval from Ambuja Cements' equity shareholders.
The merger involves the transfer of all assets and liabilities of Penna Cement to Ambuja Cements.
Cash consideration will be paid to the minority equity shareholders of Penna Cement Industries.
The integration aims to eliminate duplicated efforts and streamline compliance requirements across the group.
💼 Action for Investors
Investors should view this as a significant positive for long-term operational efficiency and market consolidation. No immediate action is required, but monitor for the official 'Effective Date' notification to the exchanges.
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Ambuja Cements Secures Top-Tier 'Care EDGE – ESG 1+' Rating from CARE ESG Ratings
Ambuja Cements has been assigned the highest possible ESG rating of 'Care EDGE – ESG 1+' by CARE ESG Ratings Limited. This rating signifies a leadership position in managing environmental, social, and governance risks. The assessment highlights the company's best-in-class disclosures, policies, and performance metrics. Such a high rating enhances the company's appeal to global institutional investors who prioritize ESG compliance.
Key Highlights
Assigned 'Care EDGE – ESG 1+' rating by CARE ESG Ratings Limited.
Rating denotes a leadership position in ESG risk management.
Recognized for best-in-class disclosures, policies, and performance.
Disclosure made under Regulation 30 of SEBI Listing Regulations.
💼 Action for Investors
Investors should view this as a positive indicator of corporate governance and sustainability, which is likely to attract ESG-focused institutional capital.
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Ambuja Cements Completes Sanghi Industries Merger; Sets Record Date for April 6, 2026
Ambuja Cements has announced that the merger of Sanghi Industries Limited into the company has become effective as of March 12, 2026. This follows the filing of the NCLT Ahmedabad Bench's sanction order with the Registrar of Companies. The appointed date for the scheme is retrospectively fixed as April 1, 2024. Shareholders of Sanghi Industries as of the record date, April 6, 2026, will be eligible for the allotment of Ambuja Cements' equity shares.
Key Highlights
Scheme of Arrangement between Sanghi Industries and Ambuja Cements became effective on March 12, 2026
Record date for share allotment to Sanghi Industries shareholders is fixed for April 6, 2026
The retrospective appointed date for the merger is April 1, 2024
Sanghi Industries stands dissolved without winding up following the successful amalgamation
Filing with the Registrar of Companies completed on March 12, 2026, satisfying all scheme conditions
💼 Action for Investors
Shareholders of Sanghi Industries should ensure they hold their positions until the record date of April 6, 2026, to receive Ambuja Cements shares. Ambuja Cements investors should view this as a positive capacity expansion move that strengthens its presence in Western India.
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Ambuja Cements Completes Sanghi Industries Merger; Record Date Set for April 6, 2026
Ambuja Cements has announced that the Scheme of Arrangement for the merger of Sanghi Industries into itself became effective on March 12, 2026. Following the filing of the NCLT order, Sanghi Industries stands dissolved and its operations are integrated with Ambuja Cements with a retrospective appointed date of April 1, 2024. The company has fixed April 6, 2026, as the record date to determine the eligibility of Sanghi shareholders for the issuance of new Ambuja Cements shares. This merger is a significant step in Ambuja Cements' expansion strategy to strengthen its market position in Western India.
Key Highlights
Scheme of Arrangement between Sanghi Industries and Ambuja Cements became effective on March 12, 2026
Record Date for determining shareholders for share swap is fixed as Monday, April 6, 2026
The Appointed Date for the merger is April 1, 2024, as per the sanctioned scheme
Sanghi Industries stands dissolved without being wound up following the filing of the NCLT order
New equity shares of Ambuja Cements will be issued to Sanghi shareholders as per the defined Swap Ratio
💼 Action for Investors
Sanghi Industries shareholders should ensure their holdings are settled by the April 6 record date to receive Ambuja Cements shares. Ambuja Cements investors should track the integration for expected operational synergies and capacity growth.
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Ambuja Cements Completes Sanghi Industries Merger; Sets Record Date for Share Swap as April 6, 2026
Ambuja Cements has announced that the Scheme of Arrangement for the merger of Sanghi Industries into itself has become effective as of March 12, 2026. The company has fixed April 6, 2026, as the record date to determine eligible shareholders of Sanghi Industries for the issuance of new Ambuja Cements shares. This merger, with a retrospective appointed date of April 1, 2024, results in the dissolution of Sanghi Industries without winding up. The consolidation is expected to strengthen Ambuja's market position and provide operational synergies within the Adani Group's cement portfolio.
Key Highlights
Scheme of Arrangement became effective on March 12, 2026, following NCLT and ROC filings
Record Date fixed for April 6, 2026, to determine eligibility for the issuance of new equity shares
Appointed Date for the merger is set at April 1, 2024
Sanghi Industries stands dissolved without being wound up as a consequence of the merger
New equity shares of Ambuja Cements will be issued to Sanghi shareholders as per the defined swap ratio
💼 Action for Investors
Sanghi Industries shareholders should ensure their holdings are settled by the April 6 record date to receive Ambuja Cements shares. Ambuja Cements investors should watch for synergy benefits and capacity integration updates in upcoming quarterly reports.
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Ambuja Cements Seeks Approval for Material RPTs with ACC and Orient Cement for FY 2026-27
Ambuja Cements has issued a postal ballot notice to seek shareholder approval for material related party transactions (RPTs) for the financial year 2026-27. The transactions involve its subsidiaries, ACC Limited and Orient Cement Limited, and are expected to exceed standard regulatory thresholds. The e-voting period is scheduled from March 3, 2026, to April 1, 2026, with a cut-off date of February 27, 2026. This is a standard but critical compliance procedure to facilitate operational synergies within the Adani Group's cement business.
Key Highlights
Seeking shareholder approval for material RPTs with ACC Limited for FY 2026-27
Seeking shareholder approval for material RPTs with Orient Cement Limited for FY 2026-27
Remote e-voting period runs from 9:00 a.m. on March 3 to 5:00 p.m. on April 1, 2026
Cut-off date for determining shareholder voting eligibility is February 27, 2026
Transactions are stated to be conducted at arm's length and in the ordinary course of business
💼 Action for Investors
Investors should monitor the specific terms of these related party transactions to ensure they support long-term value and operational efficiency. No immediate portfolio changes are required, but shareholders are encouraged to participate in the e-voting process.
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Ambuja Cements Receives NCLT Sanction for Merger with Sanghi Industries
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has officially sanctioned the Scheme of Arrangement for the merger of Sanghi Industries Limited into Ambuja Cements. This regulatory approval marks a significant step in Ambuja Cements' expansion strategy, following its acquisition of a majority stake in Sanghi Industries. The merger is set with a retrospective appointed date of April 1, 2024. This integration is expected to provide Ambuja Cements with substantial operational synergies and a stronger market presence in Western India.
Key Highlights
NCLT Ahmedabad sanctioned the merger scheme on February 9, 2026.
The Appointed Date for the Scheme of Arrangement is April 1, 2024.
Sanghi Industries Limited will be the Transferor Company into Ambuja Cements Limited.
The merger remains subject to final procedural steps before becoming fully effective.
The consolidation aims to leverage Sanghi's low-cost clinker production and coastal logistics.
💼 Action for Investors
Investors should maintain a positive outlook as the merger formalization will lead to better financial consolidation and operational efficiencies. Monitor for the official 'Effective Date' announcement which will trigger the final integration process.
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Ambuja Cements Targets 155 MTPA Capacity by 2028; Highlights 7.4% India GDP Growth Outlook
Ambuja Cements is aggressively scaling its operations, targeting a capacity of 155 MTPA by March 2028, up from 109 MTPA in December 2025. The company is leveraging the Adani Group's integrated infrastructure ecosystem to drive cost synergies in logistics, energy, and digital platforms. With India's GDP projected to grow at 7.4% in FY26 and cement demand expected to rise by 8%, Ambuja is positioning itself as a primary beneficiary of the national infrastructure super-cycle. The company also maintains a strong ESG focus, being the first Indian cement firm to adopt the TNFD framework for nature-positive disclosures.
Key Highlights
Capacity expansion roadmap: 109 MTPA as of Dec 2025, targeting 155 MTPA by March 2028 exit.
India's real GDP growth estimated at 7.4% for FY26 with cement demand projected to grow at ~8%.
Government infrastructure capex allocation of $130 Billion for FY26 to act as a major demand driver.
World's 9th largest cement company with science-based net-zero targets validated by SBTi for 2030 and 2050.
Operational synergies with Adani Portfolio across ports, power, and logistics to enhance cost efficiency.
💼 Action for Investors
Investors should focus on the company's ability to execute its massive capacity expansion to 155 MTPA and the resulting margin improvements from Adani Group synergies. The stock remains a key long-term play on India's infrastructure and urbanization growth.
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Ambuja Cements Q3 FY'26: Volume Up 17%, Normalized EBITDA Jumps 53% to ₹1,353 Cr
Ambuja Cements delivered a robust Q3 FY'26 performance, with sales volumes growing 17% YoY to 18.9 million tons, doubling the industry average. Normalized operating EBITDA rose 53% to ₹1,353 crores, while PAT surged 258% on a comparable basis to ₹378 crores. The company successfully reached a capacity of 109 MTPA and is aggressively targeting 155 MTPA by March 2028. Management highlighted that despite temporary cost spikes in the quarter, the December exit cost was below ₹4,000 per ton, indicating improving operational efficiency.
Key Highlights
Highest ever quarterly sales volume of 18.9 million tons, representing a 16.6% market share.
Normalized EBITDA per ton increased by 31% YoY to ₹718 per ton.
Premium cement volumes grew 31% YoY, now accounting for 35% of total trade sales.
Commissioned 2.4 MTPA Marwar Grinding Unit, bringing total capacity to 109 MTPA.
Green power share increased to 37%, with renewable energy footprint reaching 900 MW.
💼 Action for Investors
Investors should focus on the company's industry-leading volume growth and aggressive capacity expansion roadmap towards 155 MTPA. The successful integration of acquired assets and the shift toward green energy provide a strong outlook for margin expansion in upcoming quarters.
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Ambuja Cements Q3 FY26: Sales Volume Up 17% to 18.9 MT; EBITDA Grows 53% to ₹1,353 Cr
Ambuja Cements reported a robust Q3 FY26 with record quarterly sales volumes of 18.9 million tons, growing at twice the industry average. Normalized operating EBITDA rose 53% YoY to ₹1,353 crores, while PAT surged 258% to ₹378 crores on an adjusted basis. The company successfully commissioned the 2.4 MTPA Marwar Grinding Unit, bringing total capacity to 109 MTPA. Management remains focused on cost leadership, targeting a cost of ₹3,650 per ton by March 2028 through renewable energy and operational efficiencies.
Key Highlights
Highest ever quarterly sales volume of 18.9 million tons, up 17% YoY, with market share reaching 16.6%.
Normalized Operating EBITDA increased 53% YoY to ₹1,353 crores, with EBITDA per ton at ₹718.
Total capacity reached 109 MTPA following the early commissioning of the 2.4 MTPA Marwar Grinding Unit.
Renewable energy footprint expanded to 900 MW, contributing to a 15% reduction in power costs YoY.
Premium cement volumes grew 31% YoY, now accounting for 35% of total trade sales.
💼 Action for Investors
Investors should note the company's aggressive capacity expansion target of 155 MTPA by 2028 and the ongoing integration of ACC and Orient Cement. The focus on premiumization and cost reduction through green energy makes it a strong long-term play in the cement sector.
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Ambuja Cements MD Ajay Kapur Steps Down Effective January 31, 2026
Ambuja Cements has formally submitted the resignation letter of Mr. Ajay Kapur (DIN: 03096416), who stepped down as Managing Director. The resignation was effective from the close of business hours on January 31, 2026, following his superannuation. This update follows the company's initial intimation provided on January 30, 2026. The transition marks a significant change in the top leadership of the Adani-owned cement major.
Key Highlights
Mr. Ajay Kapur resigned as Managing Director effective January 31, 2026.
The resignation is due to superannuation (retirement) of the executive.
Formal resignation letter was filed with exchanges on February 03, 2026.
The move follows the company's prior regulatory disclosure dated January 30, 2026.
💼 Action for Investors
Investors should monitor the company's announcements regarding the appointment of a new Managing Director to ensure leadership continuity. While the retirement was planned, the strategic direction under new leadership will be a key factor for future performance.
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Ambuja Cements Commissions 2.4 MTPA Expansion in Rajasthan; Total Capacity Hits 108.85 MTPA
Ambuja Cements has successfully commissioned a 2.4 Million Ton Per Annum (MTPA) brownfield expansion at its grinding unit in Marwar Mundwa, Rajasthan. This addition brings the company's total consolidated cement capacity to 108.85 MTPA. The expansion aligns with the company's aggressive growth strategy to capture rising infrastructure demand in Northern India. This operational milestone is expected to contribute to volume growth and market share gains in the upcoming quarters.
Key Highlights
Commissioned 2.4 MTPA brownfield expansion at Marwar Mundwa, Rajasthan
Consolidated cement capacity increased to 108.85 MTPA
Strategic capacity addition in the high-demand Northern Indian market
Project execution demonstrates commitment to the Adani Group's aggressive growth targets
💼 Action for Investors
Investors should view this as a positive development for long-term volume growth. Monitor the capacity utilization rates and the impact on margins in the Northern region.
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Ambuja Cements Shareholders Approve Penna Cement Merger with 99.99% Majority
Ambuja Cements' shareholders have overwhelmingly approved the Scheme of Arrangement to merge Penna Cement Industries Limited into the company. In the NCLT-convened meeting held on December 30, 2025, the resolution received near-unanimous support with over 2.23 billion votes in favor. The promoter group, holding a 67.68% stake, and public institutions both voted 100% in favor of the merger. This acquisition is a strategic move to strengthen Ambuja's market presence and production capacity in Southern India.
Key Highlights
Shareholders approved the merger of Penna Cement Industries Limited into Ambuja Cements with a requisite majority.
Promoter group holding 1.67 billion shares (67.68% of capital) voted 100% in favor of the resolution.
Public institutional investors cast 566.12 million votes, with 100% support for the scheme.
Total votes in favor reached 2,238,358,608, while only 6,221 votes were cast against the proposal.
The meeting was held via video conferencing following NCLT orders dated October 31 and November 19, 2025.
💼 Action for Investors
The near-unanimous shareholder approval is a major milestone for the acquisition; investors should maintain a positive outlook as the company moves toward final NCLT clearance and integration.
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Ambuja Cements Outlines ACC & Orient Merger; Swap Ratios & Rs 100/PMT Synergy Gains Detailed
Ambuja Cements is consolidating its cement business by merging ACC and Orient Cement into a single entity, creating a 107 MTPA powerhouse. The share swap ratios are 328 Ambuja shares for every 100 ACC shares and 33 Ambuja shares for every 100 Orient shares. Management expects the merger to deliver operational synergies resulting in a margin expansion of at least Rs. 100 per metric ton. The transaction, which simplifies the corporate structure and eliminates MSA requirements, is expected to be completed within 12 months.
Key Highlights
Share swap ratio: 328 Ambuja shares for 100 ACC shares and 33 Ambuja shares for 100 Orient shares.
Merger expected to improve margins by at least Rs. 100 per metric ton (PMT) through cost optimization.
Combined entity will have a total capacity of 107 MTPA with 24 integrated units and 22 grinding units.
Promoter holding to be 60.94% post-merger of ACC, Orient, Sanghi, and Penna.
Transaction expected to be completed within 12 months, subject to NCLT and shareholder approvals.
💼 Action for Investors
The merger simplifies the Adani Group's cement holdings and should lead to better capital allocation and operational efficiency. Investors may maintain a positive outlook as the unified platform strengthens market leadership and improves profitability.
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Ambuja Cements Board Approves Merger of ACC and Orient Cement; Swap Ratios Announced
Ambuja Cements has approved the merger of ACC Ltd and Orient Cement Ltd to create a unified 'One Cement Platform' under the Adani Group. The swap ratio is set at 328 Ambuja shares for every 100 ACC shares and 33 Ambuja shares for every 100 Orient Cement shares. This consolidation aims to improve margins by at least Rs. 100 per metric tonne through manufacturing and logistics optimization. The merger supports the company's target to reach 155 MTPA capacity by FY28 and simplifies the corporate structure by eliminating subsidiary-level agreements.
Key Highlights
Swap ratio of 328 Ambuja shares (FV Rs. 2) for every 100 ACC shares (FV Rs. 10)
Swap ratio of 33 Ambuja shares (FV Rs. 2) for every 100 Orient Cement shares (FV Re. 1)
Expected margin expansion of at least Rs. 100 per metric tonne (PMT) through operational synergies
Consolidated entity aims for 155 MTPA capacity by FY28, up from the current ~107 MTPA
Transaction expected to be completed within the next 12 months, pending regulatory approvals
💼 Action for Investors
Investors should view this as a long-term value-unlocking move that creates a Pan-India powerhouse with superior cost efficiencies. Existing shareholders of ACC and Orient Cement will transition into a larger, more liquid entity with a stronger balance sheet.