Sanghi Industries has announced that its merger with Ambuja Cements Limited is now effective as of March 12, 2026, following the filing of the NCLT order. The company has fixed April 6, 2026, as the record date to determine shareholders eligible to receive new equity shares of Ambuja Cements as per the approved swap ratio. Consequently, Sanghi Industries will stand dissolved without winding up, and its existing equity shares will be cancelled. This marks the final step in the integration of Sanghi Industries into the Adani-owned Ambuja Cements.

Sanghi Industries Limited has announced that its Scheme of Arrangement for merger with Ambuja Cements Limited has become effective as of March 12, 2026. The company has fixed April 6, 2026, as the Record Date to determine shareholders eligible for the issuance of new equity shares in Ambuja Cements. Consequently, Sanghi Industries stands dissolved without winding up, and its operations are now part of the transferee company. The appointed date for this amalgamation is retrospective, set at April 1, 2024.

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 Limited. The merger has a retrospective appointed date of April 1, 2024, and is a major step in the Adani Group's consolidation of its cement business. This approval follows the acquisition of Sanghi Industries by Ambuja Cements to expand its footprint in Western India. The scheme will become effective once the final procedural steps and filings are completed.

Sanghi Industries, now a subsidiary of Ambuja Cements with a 58.08% stake, is being integrated into the Adani Group's 'One Cement Platform.' The group has set an aggressive capacity target of 155 MTPA by March 2028, up from 109 MTPA in December 2025. The presentation highlights a positive macro outlook with India's FY26 GDP growth estimated at 7.4% and cement demand projected to grow at 8%. The company aims to leverage Adani’s vast infrastructure ecosystem in ports, power, and logistics to drive cost synergies and market access.

Sanghi Industries, as part of the Adani Cement portfolio, showed a significant operational turnaround with capacity utilization for acquired assets rising to 58% in Q3 FY26 from 37% YoY. The company's December exit utilization was even stronger, reaching 65% for cement and 80% for clinker. On a consolidated group level, sales volumes hit a record 18.9 million tons, up 17% YoY, with normalized EBITDA growing 53% to ₹1,353 crores. Management is targeting a group capacity of 155 MTPA by March 2028 through aggressive debottlenecking and integration.

Sanghi Industries, as part of the Adani Cement portfolio, reported a significant operational turnaround with capacity utilization of acquired assets rising to 58% from 37% YoY. The consolidated entity achieved its highest-ever quarterly sales volume of 18.9 million tons, marking a 17% YoY growth. Normalized PAT surged by 258% to INR 378 crores, supported by a INR 5 per bag improvement in realizations. Management highlighted that while quarterly costs rose to INR 4,500/ton due to integration one-offs, the December exit cost was significantly lower at under INR 4,000/ton.

Sanghi Industries Limited has announced the appointment of Mr. Rohit Soni as an Additional Director (Non-Executive and Non-Independent) starting January 31, 2026. Mr. Soni currently serves as the Chief Financial Officer of the Adani Group's Cement business and brings extensive financial leadership experience from his tenure as CFO at Adani Energy Solutions and Adani New Industries. His background includes managing finances for over 60 subsidiaries and leading significant equity fundraising initiatives. This appointment is expected to strengthen the board's financial oversight and strategic alignment with the Adani Group.