Meeting Details

  • Date: Tuesday, September 29, 2026
  • Time: 10:30 a.m. IST (1030 hours)
  • Location: Conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM), deemed to be at the Registered Office: Adani Corporate House, Shantigram, Near Vaishnodevi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421
  • Type: Court Convened Meeting pursuant to Order dated July 29, 2026, from the Hon'ble National Company Law Tribunal, Ahmedabad Bench

Proposed Resolution and Implications

The single resolution placed before shareholders was: "To consider and approve the Scheme of Amalgamation of ACC Limited with Ambuja Cements Limited under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013." This scheme involves the complete amalgamation of ACC Limited (Amalgamating Company) into Ambuja Cements Limited (Amalgamated Company).

Voting Process and Methods

The voting was conducted through two methods:

  • Remote e-voting: Available from Thursday, September 24, 2026, at 9:00 a.m. IST until Monday, September 28, 2026, at 5:00 p.m. IST
  • E-voting at meeting: Available for 30 minutes after the meeting concluded for eligible shareholders who attended but hadn't voted remotely

Central Depository Services (India) Limited (CDSL) was appointed as the agency to facilitate both remote e-voting and e-voting during the meeting.

Key Voting Outcomes

Overall Voting Results (All Shareholders)

  • Total Valid Votes: 151,624,343 shares
  • Votes in Favor: 144,822,702 shares (95.52% of votes cast)
  • Votes Against: 6,784,657 shares (4.48% of votes cast)
  • Invalid/Abstain Votes: 0 shares

Public Shareholder Voting Results (SEBI Requirements)

  • Total Valid Votes: 45,150,432 shares
  • Votes in Favor: 38,365,775 shares (84.97% of votes cast)
  • Votes Against: 6,784,657 shares (15.03% of votes cast)
  • Invalid/Abstain Votes: 0 shares

Participation Breakdown by Category

Promoter and Promoter Group
  • Shares held: 106,456,927
  • Votes polled: 106,456,927 (100% participation)
  • Votes in favor: 106,456,927 (100% of votes polled)
  • Votes against: 0 (0% of votes polled)
Public Institutions
  • Shares held: 50,413,079
  • Votes polled: 44,616,118 (88.50% participation)
  • Votes in favor: 37,843,736 (84.82% of votes polled)
  • Votes against: 6,772,382 (15.18% of votes polled)
Public Non-Institutions
  • Shares held: 30,917,257
  • Votes polled: 534,314 (1.73% participation)
  • Votes in favor: 522,039 (97.70% of votes polled)
  • Votes against: 12,275 (2.30% of votes polled)

Meeting Attendance and Voting

  • 64 equity shareholders holding 10,652,8084 shares attended the meeting
  • 50 shareholders holding 10,645,7296 shares had already voted via remote e-voting
  • 7 shareholders holding 131 shares attended but did not cast votes
  • 7 shareholders holding 70,657 shares voted via e-voting at the meeting

Scrutinizer's Role and Findings

Mr. Aniq A Kadri, Advocate (Enrolment No. G/5102/2019), was appointed by the NCLT as Scrutinizer to conduct the voting process in a fair and transparent manner. The Scrutinizer:

  • Compiled details of remote e-voting and e-voting at the meeting
  • Unblocked votes on September 29, 2026, at 11:26 a.m. in the presence of two independent witnesses (Mr. Raimeen Maradiya and Ms. Khushi Thacker)
  • Prepared consolidated scrutinizer reports for both Companies Act and SEBI requirements
  • Handed over all voting records to the Company Secretary for safekeeping

Compliance Confirmation

The resolution was passed by the requisite majority of:

  • Equity shareholders under Section 230 of the Companies Act, 2013
  • Public shareholders under SEBI Master Circular dated June 20, 2023

The process complied with all applicable regulations including SEBI Listing Regulations, Companies Act, 2013, and various MCA circulars issued between 2020-2025.

Additional Information

The meeting was chaired by Justice Mr. Virendra Singh Gyan Singh Bisht, former Member of the NCLT. Company directors in attendance included Mr. Vinay Prakash, Mr. Vinod Bahety, Mr. Nitin Shukla, Mr. Rajeev Agarwal, and Mrs. Shruti Shah. The Company published newspaper advertisements in Indian Express (all editions) and Financial Express (Ahmedabad edition) on August 28, 2026, regarding the meeting.