Date of Order: 9 February 2026
Authority: National Company Law Tribunal (NCLT), Ahmedabad Bench
Parties: Sanghi Industries Limited – Transferor company
Ambuja Cements Limited – Transferee company, part of the Adani Group
As of February 2026, the merger between Sanghi Industries Limited and Ambuja Cements Limited has been formally approved by the National Company Law Tribunal (NCLT), Ahmedabad Bench. The Tribunal sanctioned the scheme of arrangement under the Companies Act, 2013 after examining whether the proposal complied with statutory requirements and adequately protected the interests of shareholders and creditors. With the approval now granted, Sanghi Industries will be merged into Ambuja Cements, and its shareholders will receive shares in Ambuja as per the approved exchange ratio. The appointed date of the merger remains 1 April 2024, meaning the financial and operational integration is treated as effective from that date. At present, the merger stands legally approved and is in the implementation phase, which involves procedural compliances such as regulatory filings and operational consolidation. There have been no reported legal challenges or modifications to the order so far, and the transaction is considered part of the broader consolidation strategy within the Adani Group’s cement business.