Shareholders Approve Scheme of Amalgamation of ACC with the Company at NCLT-Convened Meeting
Equity shareholders have approved the Scheme of Amalgamation of ACC Limited with Ambuja Cements at the NCLT-convened meeting held on September 29, 2026.
- Total Valid Votes
- 2268120094 shares
- Votes in Favour
- 2267313887 shares (99.98%)
- Votes Against
- 547772 shares (0.02%)
- Members Voted
- 1615 members (1567 in favour, 48 against)
- Promoter & Promoter Group Support
- 100% in favour
What was decided
The resolution placed before equity shareholders was to consider and approve the Scheme of Amalgamation of ACC Limited (amalgamating company) with Ambuja Cements Limited (amalgamated company) under Sections 230 to 232 of the Companies Act, 2013. It was a special resolution.
The meeting was convened as directed by the Hon'ble NCLT, Ahmedabad Bench, and was held through video conferencing on September 29, 2026 at 12:30 p.m. Remote e-voting ran from September 24, 2026 to September 28, 2026, with the cut-off date of September 22, 2026. CDSL provided the voting platform, and an advocate was appointed by the NCLT as Scrutinizer.
Voting outcome
- Total valid votes: 2268120094 shares cast by 1615 members
- In favour: 2267313887 shares (99.98%) by 1567 members
- Against: 547772 shares (0.02%) by 48 members
- Invalid or abstained votes: 0
Category-wise voting
- Promoter and promoter group: 1672081052 shares held, 100.0000% of shares polled, 100.0000% in favour
- Public institutions: 617768891 shares held, 93.6418% polled, 99.9076% in favour and 0.0924% against
- Public non-institutions: 194967243 shares held, 8.8686% polled, 99.9227% in favour and 0.0773% against
- Overall shares polled: 2267861659 out of 2484817186, i.e. 91.2688%
The update notes that the promoter and promoter group were interested in the resolution.
Meeting attendance
- 42 equity shareholders holding 55,10,61,201 equity shares attended
- 23 shareholders holding 55,10,55,781 shares had already voted by remote e-voting
- 18 shareholders holding 5,410 shares attended but did not vote
- 1 shareholder holding 10 shares voted at the meeting
- 5 shareholders holding 30,37,282 shares had less voted 2,58,435 shares through remote e-voting
What this means
This update reports the shareholder vote stage of the amalgamation process. Shareholder approval is one of the steps in a scheme of amalgamation that is carried out under the supervision of the NCLT. The records of the voting have been handed over to the Company Secretary, and the earlier disclosure on September 29, 2026 covered the public shareholders' voting results.
Also from Ambuja Cements
Ambuja Cements to meet investors at Adani Annual Conference 2026 in Singapore on Nov 18 & 19
7 Oct 2026
Commissioning of 2.4 MTPA Grinding Unit and Cement Blending Unit; Consolidated Capacity at 113.45 MTPA
30 Sep 2026
More numbers
- Total valid votes2268120094
- Members who voted1615
- Votes in favour2267313887
- Members voting in favour1567
- Percentage in favour99.98%
- Votes against547772
- Percentage against0.02%
- Shareholders who attended the meeting42
- Shares held by attending shareholders55,10,61,201
- Promoter and promoter group shares held1672081052
- Overall votes polled as % of outstanding shares91.2688
- Total outstanding shares2484817186
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