Ambuja Cements Limited has announced the receipt of observation letters with 'no adverse observations' from BSE Limited and 'no objection' from the National Stock Exchange of India Limited (NSE) on June 04, 2026. These letters are in relation to the proposed Scheme of Amalgamation of ACC Limited with Ambuja Cements Limited. The amalgamation scheme, previously approved by the Board of Directors of Ambuja Cements on December 22, 2025, is proceeding under Sections 230 to 232 of the Companies Act, 2013. The receipt of these observation letters from the stock exchanges is a significant step, though the scheme remains subject to further statutory and regulatory approvals, as well as the approval of the respective shareholders and creditors of both companies. The observation letters from BSE and NSE will be made available on the company's website, www.ambujacement.com. The validity of the observation letter from NSE is six months from June 04, 2026, within which the scheme must be submitted to the National Company Law Tribunal (NCLT). Both stock exchanges have provided detailed comments and conditions that the companies must adhere to, including compliance with SEBI regulations, disclosure of ongoing proceedings, and ensuring that financial information is not more than six months old. The exchanges emphasize that their observations do not constitute approval of the scheme's financial soundness or the correctness of statements made.
