The Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved the merger of Sanghi Industries Limited into Ambuja Cements Limited, marking a significant step in the Adani Group’s ongoing expansion and consolidation of its cement operations.
The merger has been scheduled to take effect from 1 April 2026, subject to the completion of required legal procedures and regulatory filings.
Following the approval, all assets, liabilities, and authorised share capital of Sanghi Industries will be transferred to and integrated with Ambuja Cements. According to the company, the merger is expected to enhance operational efficiency through improved utilisation of resources, reduced duplication of functions, cost optimisation, and greater value creation for shareholders.
Ambuja Cements had earlier acquired a 56.74% controlling stake in Sanghi Industries in August 2023. This transaction represented Adani Group’s first significant cement-sector acquisition after its purchase of Ambuja Cements and ACC in 2022. The acquisition of Sanghi was strategically intended to expand the group’s production capacity in western India, particularly in Gujarat, while also gaining access to key limestone reserves and port facilities.
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