Sanghi Industries Limited (SIL) has completed a major restructuring as part of the Adani Group’s cement business integration.
The Hon’ble NCLT, Ahmedabad Bench has approved the Scheme of Arrangement, under which Sanghi Industries Limited is being merged into Ambuja Cements Limited.
This step is aimed at strengthening operational efficiency, increasing production capacity, and integrating cement business operations under a single listed entity.
Here’s what it means for shareholders
SIL shareholders will now receive Ambuja Cements shares in exchange for their SIL shares.
Exchange Ratio:
- 12 equity shares of Ambuja Cements (Face Value ₹2 each)
for every 100 equity shares of Sanghi Industries (Face Value ₹10 each)
Key Highlights
- Appointed Date: April 1, 2024
- Approval Timeline: Approved by NCLT in early 2026
- Post-Merger Status:
- Sanghi Industries Limited will be fully absorbed into Ambuja Cements Limited
- Ambuja Cements will continue as the listed company
What changes for investors
- Shareholders of Sanghi Industries Limited will become direct shareholders of Ambuja Cements Limited upon completion of the merger.
- SIL shares will cease to exist after the merger becomes effective.
Why this merger matters
This merger is part of the Adani Group’s broader strategy to:
- Expand cement production capacity,
- Improve cash flows and operational synergies, and
- Build a more integrated and competitive cement business.