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Ambuja Cements Limited announced the outcome of a meeting of its Equity Shareholders held on December 30, 2025, at 11:00 a.m. IST via Video Conferencing/Other Audio Visual Means. The meeting was convened pursuant to an order from the Hon'ble National Company Law Tribunal, Ahmedabad Bench, to consider and approve a Scheme of Arrangement between Penna Cement Industries Limited (Transferor Company) and Ambuja Cements Limited (Transferee Company).

The proposed resolution to approve the Scheme of Arrangement was passed with the requisite majority by the Equity Shareholders, including Public Shareholders, as per the NCLT Order, the Companies Act, and the SEBI Schemes Master Circular dated June 20, 2023.

The meeting was chaired by Hon'ble Justice (Retd.) Kalpesh Jhaveri, former Chief Justice of the High Court of Orissa. Key management present included Mr. Gautam S Adani (Chairman), Mr. Karan Adani (Non-Executive, Non-Independent Director), Mr. Ajay Kapur (Managing Director), and Mr. Vinod Bahety (Wholetime Director & Chief Executive Officer). The results of the e-voting and poll were consolidated and scrutinized by Mr. Raimeen Maradiya. The remote e-voting facility was open from December 26, 2025, to December 29, 2025, with an additional e-voting facility available for 30 minutes after the meeting's closure.