ACC Shareholders Approve Amalgamation with Ambuja Cements
ACC Limited shareholders approved the Scheme of Amalgamation with Ambuja Cements Limited during a meeting held on September 29, 2026. The resolution was passed with a requisite majority, following NCLT orders. The meeting was conducted via video conferencing, with remote e-voting and in-meeting e-voting facilities available.
The amalgamation of ACC Limited with Ambuja Cements Limited is a major corporate restructuring event that will have a substantial impact on the combined entity's market position, operations, and financial performance.
The announcement details the successful approval of the Scheme of Amalgamation by ACC Limited's shareholders, which is a significant positive corporate action.
ACC Limited convened a meeting of its equity shareholders on September 29, 2026, at 10:30 a.m. IST, through Video Conferencing/Other Audio-Visual Means. This meeting was held pursuant to an order from the Hon’ble National Company Law Tribunal, Ahmedabad Bench, to consider and approve the Scheme of Amalgamation of ACC Limited with Ambuja Cements Limited.
The meeting was chaired by Justice Mr. Virendra Singh Gyan Singh Bisht, the NCLT-appointed Chairman. Several Directors, including Mr. Vinay Prakash and Mr. Vinod Bahety (Whole-time Director & CEO), attended the proceedings. The Promoter/Promoter Group provided authorisations for approximately 10.64 crore shares, representing 56.69% of the company's paid-up share capital.
The Scheme of Amalgamation was presented to the equity shareholders for consideration and approval. Remote e-voting commenced on September 24, 2026, and concluded on September 28, 2026. An additional e-voting facility was available during the meeting for attendees who had not voted remotely. The meeting concluded at 11:26 a.m. on September 29, 2026.
Based on the consolidated Scrutinizer's Reports, the resolution to approve the Scheme of Amalgamation was passed by the requisite statutory majority of the company's equity shareholders, including Public Shareholders, in accordance with the NCLT Order, the Companies Act, 2013, and the SEBI Master Circular dated June 20, 2023. The voting results indicated overwhelming support, with a significant majority of shares voting in favour of the amalgamation.
What to do with a filing like this
ACC Limited filed this with the NSE as a statutory disclosure, categorised under amalgamation. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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