Ambuja Cements shareholders have overwhelmingly voted in favor of the scheme of amalgamation with Orient Cement. With over 99.98% of votes cast in support, the company secures a critical regulatory milestone, clearing the path for the integration of Orient Cement’s operations into its own, as it seeks to strengthen its market footprint.
Ambuja Cements Secures Shareholder Approval for Orient Cement Merger
99.98% of total votes polled were in favor of the resolution; 99.93% of public shareholders supported the move.
Reader Takeaway: Strong shareholder mandate accelerates the consolidation process, though final integration remains subject to further regulatory clearances.
What just happened
Ambuja Cements Limited successfully concluded an NCLT-convened meeting of its equity shareholders on September 28, 2026. The primary agenda was to vote on the proposed Scheme of Amalgamation involving the transfer of Orient Cement Limited into Ambuja Cements. The resolution passed with an overwhelming majority, demonstrating clear investor support for the management's consolidation strategy.
Why this matters
The vote serves as a mandatory procedural milestone in the acquisition process. By achieving this level of approval, Ambuja Cements satisfies key requirements under the Companies Act and SEBI regulations. This outcome signals a stable path forward as the company moves to formalize the merger and integrate Orient Cement’s capacity into its existing network.
The backstory
The NCLT, Ahmedabad Bench, had previously ordered the convening of this meeting via its order dated July 20, 2026. The process was overseen by Chairman Mr. Atul Lakhanpal, and participation was facilitated through video conferencing. The promoter group, holding approximately 67.33% of the paid-up capital, participated in the process, alongside a broad base of public shareholders.
What changes now
With the shareholder approval secured, the company will proceed to the next stages of legal and regulatory filings. Investors can expect further disclosures regarding the timeline for the final integration of operations, as the focus shifts toward securing any remaining clearances required for the formal amalgamation.
What to track next
Shareholders should monitor upcoming stock exchange filings for formal sanctioning by the NCLT and updates on the transition timeline. Key metrics to watch include the operational integration progress and any subsequent impact on the consolidated production capacity of Ambuja Cements.