Meeting Details

  • Date: Tuesday, September 29, 2026
  • Time: 12:30 p.m. (1230 hours) IST
  • Type: NCLT Convened Meeting of Equity Shareholders
  • Location: Conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM), deemed to be at the Registered Office: Adani Corporate House Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421
  • Chairman: Mr. Deep Chandra Joshi (former acting president & member of NCLT), appointed by NCLT

Proposed Resolution and Implications

The single resolution proposed 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 amalgamation of ACC Limited (Amalgamating Company) into Ambuja Cements Limited (Amalgamated Company).

Voting Process and Methods

The voting was conducted through:

  • 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
  • Agency: Central Depository Services (India) Limited (CDSL) facilitated both remote e-voting and e-voting at the meeting
  • Cut-off date: Tuesday, September 22, 2026
  • Newspaper advertisements were published in Indian Express (all editions) and Financial Express (Ahmedabad edition) on August 28, 2026

Key Voting Outcomes

Overall Results:

  • Total shares outstanding: 248,48,17,186
  • Total votes polled: 226,78,61,659 (91.27% of outstanding shares)
  • Votes in favor: 226,73,13,887 (99.98% of votes polled)
  • Votes against: 5,47,772 (0.02% of votes polled)
  • Invalid votes: 0

Category-wise Breakdown:

Promoter and Promoter Group:

  • Shares held: 167,20,81,052
  • Votes polled: 167,20,81,052 (100% participation)
  • Votes in favor: 167,20,81,052 (100%)
  • Votes against: 0 (0%)

Public Institutions:

  • Shares held: 61,77,68,891
  • Votes polled: 57,84,89,734 (93.64% participation)
  • Votes in favor: 57,79,55,331 (99.91% of votes polled)
  • Votes against: 53,440 (0.09% of votes polled)

Public Non-Institutions:

  • Shares held: 19,49,67,243
  • Votes polled: 1,72,90,873 (8.87% participation)
  • Votes in favor: 1,72,77,504 (99.92% of votes polled)
  • Votes against: 13,369 (0.08% of votes polled)

Public Shareholder Specific Results (SEBI Requirements):

  • Total public shareholders who voted: 1,610
  • Total shares voted by public: 59,57,80,607
  • Members voting in favor: 1,562
  • Shares voted in favor: 59,52,32,835
  • Members voting against: 48
  • Shares voted against: 5,47,772
  • The resolution passed as votes in favor exceeded votes against among public shareholders

Scrutinizer's Role and Findings

Ms. Manvi Damle, Advocate (Enrolment No. G/4503/2018), was appointed by NCLT as Scrutinizer. Her responsibilities included:

  • Scrutinizing the remote e-voting and e-voting process in a fair and transparent manner
  • Preparing consolidated scrutinizer's report based on reports generated from CDSL's e-voting system
  • Unblocking of votes occurred on September 29, 2026 at 1:17 p.m. in the presence of two independent witnesses (Mr. Raimeen Maradiya and Ms. Khushi Thacker)
  • The scrutinizer confirmed the resolution was passed by the requisite majority

Compliance with Laws and Regulations

The process complied with:

  • Hon'ble NCLT Ahmedabad Bench Order dated July 29, 2026
  • Companies Act, 2013 (Sections 230-232)
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • SEBI Master Circular dated June 20, 2023
  • MCA Circulars dated April 8, 2020; April 13, 2020; May 5, 2020; June 15, 2020; September 28, 2020; December 31, 2020; June 23, 2021; December 8, 2021; December 14, 2021; May 5, 2022; December 28, 2022; September 25, 2023; September 19, 2024; and September 22, 2025
  • SEBI Circular dated October 3, 2024