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Latest filing: 2026-03-12 20:43
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9 announcements match the current filters (relevance ≥ 5).
Sanghi Industries Merges with Ambuja Cements; Sets April 6, 2026 as Record Date for Share Swap
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.
Key Highlights
Scheme of Arrangement with Ambuja Cements became effective on March 12, 2026
Record Date for share swap and cancellation of Sanghi shares fixed for April 6, 2026
Appointed Date for the merger scheme is retrospectively set to April 1, 2024
Sanghi Industries will be dissolved without being wound up following the merger completion
👀 What to Watch
Investors holding Sanghi Industries shares should ensure they are in their demat accounts by April 6, 2026, to receive Ambuja Cements shares. No further action is required as the share swap will occur automatically based on the scheme's ratio.
Sanghi Industries Merges with Ambuja Cements; Sets April 6, 2026, as Record Date
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.
Key Highlights
Merger with Ambuja Cements Limited became effective on March 12, 2026
Record date for share swap and cancellation of Sanghi shares fixed as April 6, 2026
The Appointed Date for the Scheme of Arrangement is April 1, 2024
Sanghi Industries stands dissolved without being wound up following NCLT approval
👀 What to Watch
Investors holding Sanghi Industries shares on April 6, 2026, will receive shares of Ambuja Cements as per the approved swap ratio. No manual action is required if shares are held in demat form, as the transition will occur automatically.
NCLT Sanctions Merger of Sanghi Industries with Ambuja Cements
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.
Key Highlights
NCLT Ahmedabad sanctioned the merger scheme on February 9, 2026.
The appointed date for the Scheme of Arrangement is fixed as April 1, 2024.
Sanghi Industries Limited is the Transferor Company and Ambuja Cements Limited is the Transferee Company.
The merger is part of the Adani Group's strategy to integrate Sanghi's 6.1 MTPA capacity into Ambuja Cements.
👀 What to Watch
Investors should watch for the announcement of the record date to determine eligibility for Ambuja Cements shares. This merger is likely to provide Sanghi shareholders with exposure to a much larger, more diversified, and financially stronger entity.
Sanghi Industries Outlines Growth Strategy and Adani Integration in Feb 2026 Investor Update
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.
Key Highlights
Ambuja Cements holds a 58.08% stake in Sanghi Industries as of December 31, 2025.
Adani Group cement capacity targeted to reach 155 MTPA by March 2028 from 109 MTPA in late 2025.
India's cement demand is projected to grow at ~8% in FY26, outperforming the estimated 7.4% GDP growth.
Integration provides vertical advantages across Adani's ports, power, mining, and multimodal transport platforms.
India's per capita cement consumption remains 45% below the global average, indicating massive long-term headroom.
👀 What to Watch
Investors should view the integration with the Adani Group as a long-term value driver for Sanghi Industries. Monitor the realization of operational synergies and the progress of the group's 155 MTPA capacity expansion roadmap.
Sanghi Industries Q3 FY26: Capacity Utilization Jumps to 58% Amid Adani Group Integration
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.
Key Highlights
Capacity utilization for acquired assets (Sanghi/Penna) improved to 58% in Q3 FY26 vs 37% in the previous year.
Sanghi's clinker utilization exited December at 80%, reflecting successful asset overhauling and integration.
Group consolidated EBITDA per ton rose 31% YoY to ₹718, supported by a ₹5 per bag improvement in realization.
Renewable energy footprint reached 900 MW, with green power share increasing to 37% of the total mix.
Total group capacity reached 109 MTPA following the early commissioning of the 2.4 MTPA Marwar Grinding Unit.
👀 What to Watch
Investors should view the rapid ramp-up in Sanghi's utilization and the group's cost-reduction initiatives as strong indicators of value creation. The stock remains a key beneficiary of the Adani Group's 'One Cement' consolidation strategy and operational efficiencies.
Sanghi Industries Q3 FY26: Utilization Jumps to 58%, Adani Integration Drives 258% PAT Growth
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.
Key Highlights
Consolidated sales volume reached a record 18.9 million tons, up 17% YoY, with market share rising to 16.6%
Normalized EBITDA grew 53% YoY to INR 1,353 crores, with EBITDA per ton at INR 718
Capacity utilization for acquired assets (Sanghi/Penna) improved to 58%, with Sanghi's clinker exit utilization hitting 80%
Total group capacity reached 109 MTPA, with a revised target of 115 MTPA by March 2026
Renewable energy footprint expanded to 900 MW, aiming for 1,122 MW by FY27 to reduce power costs
👀 What to Watch
Investors should monitor the successful operational turnaround of Sanghi assets and the significant reduction in exit costs as indicators of integration efficiency. The long-term target of 155 MTPA capacity by 2028 provides a clear growth runway for the group.
Sanghi Industries Appoints Rohit Soni as Additional Director Effective January 31, 2026
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.
Key Highlights
Appointment of Mr. Rohit Soni as Additional Director effective January 31, 2026
Mr. Soni is a Chartered Accountant and Harvard Business School alumnus with deep financial expertise
Previously served as CFO of Adani Energy Solutions (2021-2024) and Adani New Industries (2024-2025)
Managed financial strategy for over 60 subsidiaries and led large-scale infrastructure project financing
Recipient of the ET Great Manager (Senior Leader) award in November 2019
👀 What to Watch
Investors should view this as a positive governance move that aligns Sanghi Industries more closely with the Adani Group's financial management standards. No immediate action is required, but the addition of high-caliber leadership is a long-term positive for the company's strategic direction.
Sanghi Industries Reports Q3 FY26 Net Loss of ₹115.39 Cr; Revenue Up 6% YoY
Sanghi Industries Limited reported a net loss of ₹115.39 crore for the quarter ended December 31, 2025, compared to a loss of ₹96.96 crore in the same period last year. Revenue from operations grew 6.2% year-on-year to ₹275.00 crore, though it declined sequentially from ₹284.93 crore. The company recognized an exceptional income of ₹40 crore as an indemnification claim from erstwhile promoters. High power and fuel costs of ₹202.25 crore continue to weigh heavily on the bottom line as the company progresses with its merger into Ambuja Cements.
Key Highlights
Net loss for Q3 FY26 stood at ₹115.39 crore vs ₹96.96 crore in Q3 FY25.
Revenue from operations increased to ₹275.00 crore from ₹258.96 crore YoY.
Power and fuel expenses rose significantly to ₹202.25 crore from ₹173.02 crore YoY.
Exceptional income of ₹40 crore received from erstwhile promoters via Ambuja Cements.
Appointment of Mr. Rohit Soni as Additional Director effective January 31, 2026.
👀 What to Watch
Investors should monitor the progress of the merger with Ambuja Cements, which is the primary catalyst for the stock given the company's persistent operational losses. The current financial performance remains weak due to high energy costs and depreciation.
Sanghi Industries Q3 FY26: Revenue at ₹275 Cr, Net Loss Narrows to ₹115.4 Cr
Sanghi Industries reported a revenue of ₹275 crore for Q3 FY26, representing a 6.2% growth compared to the same quarter last year. Despite the revenue growth, the company remains loss-making with a net loss of ₹115.4 crore for the quarter, impacted by high power and fuel costs of ₹202.3 crore. A significant exceptional income of ₹40 crore was recorded from an indemnity claim against erstwhile promoters. The ongoing merger with Ambuja Cements remains the primary strategic focus for the company.
Key Highlights
Revenue from operations grew 6.2% YoY to ₹275.00 crore in Q3 FY26.
Net loss for the quarter stood at ₹115.39 crore versus a loss of ₹96.96 crore in Q3 FY25.
Power and fuel expenses remained high at ₹202.25 crore, significantly impacting margins.
Exceptional income of ₹40 crore received as indemnity from erstwhile promoters regarding electricity duty disputes.
9-month revenue for FY26 increased by 27% YoY to ₹805.31 crore.
👀 What to Watch
Investors should monitor the progress of the merger with Ambuja Cements, which is the key driver for long-term value. Standalone performance remains under pressure due to high operational costs and interest burdens.
