The National Company Law Tribunal (NCLT) approved the formal merger of Sanghi Industries into Ambuja Cements, with an appointed date set for April 1, 2024, and formal clearance finalized in early 2026. Under the approved share exchange ratio, shareholders of Sanghi Industries receive 12 new equity shares of Ambuja Cements (face value 2 INR each) for every 100 equity shares held in Sanghi Industries (face value 10 INR each). Following this integration, Sanghi Industries dissolves without winding up, consolidating its massive Gujarat limestone reserves and manufacturing plants under Ambuja.