Shareholders meeting

August 27, 2026 National Stock Exchange of India BSE Limited Luxembourg Stock Limited Exchange Scrip Code: AMBUJACEM Scrip Code: 500425 Code: US02336R2004 Sub.: Notice convening the Meeting of the Equity Shareholders of Ambuja Cements Limited (“Amalgamated Company” or “Company”) pursuant to the Order passed by the Hon’ble National Company Law Tribunal, Ahmedabad Bench (“Hon’ble Tribunal”) in respect of Scheme of Amalgamation of ACC Limited (“Amalgamating Company”) with Ambuja Cements Limited (“Scheme”). Dear Sir/Madam, We wish to inform you that as directed by the Hon’ble Tribunal pursuant to the order dated July 29, 2026, a meeting of the Equity Shareholders of the Company (“Meeting”) shall be held on Tuesday, September 29, 2026 at 12:30 p.m. IST (1230 hours) through Video Conferencing (“VC”)/Other Audio Visual Means (“OAVM”), to consider, and if thought fit, approve the arrangement embodied in the Scheme. The Notice, Explanatory Statement under Sections 230(3), 232(1) and (2) and 102 of the Companies Act, 2013, read with Rule 6 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 and the Annexures thereto (“Notice”) is enclosed herewith. The same is also being sent today through electronic mode to those equity shareholders whose email IDs are registered with the Registrar and Transfer Agent/depositories/the Company as on cut-off date i.e. August 14, 2026. The Company is providing electronic voting facility (remote e-voting and e-voting during the Meeting) arranged by Central Depository Services (India) Limited (“CDSL”) to its equity shareholders to enable them to cast their votes. The details regarding electronic voting are provided below: EVSN 260825046 Cut-off Date for E-Voting Tuesday, September 22, 2026 Start Date and Time Thursday, September 24, 2026 at 9:00 a.m. IST (0900 hours) End Date and Time Monday, September 28, 2026 at 5:00 p.m. IST (1700 hours) The remote e-voting module will be disabled by CDSL thereafter. Ambuja Cements Limited Registered Office: Adani Corporate House Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421, Gujarat, India Ph +91 79-2656 5555 E mail: investors.relation@adani.com www.ambujacement.com CIN: L26942GJ1981PLC004717 Those equity shareholders, who will be present in the Meeting through VC/OAVM facility and have not cast their vote on the resolution through remote e-voting and are otherwise not barred from doing so, shall be eligible to vote through e-voting facility during the Meeting. The information and instructions for attending the Meeting including the manner of voting by the equity shareholders of the Company have been provided in the Notice of the Meeting. The above-mentioned documents will be posted on the Company's website at www.ambujacement.com. Yours faithfully, For Ambuja Cements Limited Manish Mistry Company Secretary & Compliance Officer Encl.: as above Ambuja Cements Limited Registered Office: Adani Corporate House Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421, Gujarat, India Ph +91 79-2656 5555 E mail: investors.relation@adani.com www.ambujacement.com CIN: L26942GJ1981PLC004717 NOTICE - EQUITY SHAREHOLDERS AMBUJA CEMENTS LIMITED Registered Office : Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421, Gujarat, India Tel No. : +91 79 2555 7923 CIN : L26942GJ1981PLC004717 Website : www.ambujacement.com E-mail : investors.relation@adani.com MEETING OF THE EQUITY SHAREHOLDERS WHICH ALSO CONSISTS PUBLIC SHAREHOLDERS OF AMBUJA CEMENTS LIMITED (convened pursuant to the order dated July 29, 2026, passed by the Hon’ble National Company Law Tribunal, Ahmedabad Bench) MEETING: Day Tuesday Date September 29, 2026 Time 12:30 p.m. IST (1230 hours) Mode Through Video Conference/Other Audio-Visual Means REMOTE E-VOTING: Start Date and Time Thursday, September 24, 2026 at 9:00 a.m. IST (0900 hours) End Date and Time Monday, September 28, 2026 at 5:00 p.m. IST (1700 hours) Cut-off Date for E-Voting Tuesday, September 22, 2026 E-VOTING DURING THE MEETING E-voting shall be available to the Equity Shareholders of Ambuja Cements Limited during the Meeting. INDEX Sr. Contents Page No. 1. Notice convening the meeting of the equity shareholders (which also consists public shareholders) of Ambuja 4 Cements Limited under the directions of the Hon’ble National Company Law Tribunal, Ahmedabad Bench 2. Explanatory Statement under Sections 230(3), 232(1) and (2) and 102 of the Companies Act, 2013 read with 12 Rule 6 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 3. Annexure 1 43 Scheme of Amalgamation of ACC Limited with Ambuja Cements Limited under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 4. Annexure 2 88 Copy of the Valuation Report dated December 22, 2025, jointly issued by GT Valuation Advisors Private Limited, Registered Valuer (IBBI Registration No. IBBI/RV-E/05/2020/134) and BDO Valuation Advisory LLP, Registered Valuer (IBBI Registration No. IBBI/RV-E/02/2019/103) (Joint Valuation Report) 5. Annexure 3 110 Copy of the Fairness Opinion dated December 22, 2025, issued by SBI Capital Markets Limited, a SEBI registered Merchant Banker, to the Board of Directors of ACC Limited (Fairness Opinion 1) 6. Annexure 4 117 Copy of the Fairness Opinion dated December 22, 2025, issued by IDBI Capital Markets & Securities Limited, a SEBI registered merchant banker, to the Board of Directors of Ambuja Cements Limited (Fairness Opinion 2) 7. Annexure 5 126 Copy of the Summary of the Joint Valuation Report, including the basis of such Joint Valuation Report and the Fairness Opinion 1 and Fairness Opinion 2 8. Annexure 6 131 Copy of the Complaint Report dated February 5, 2026, submitted by ACC Limited to National Stock Exchange of India Limited 9. Annexure 7 133 Copy of the Complaint Report dated February 5, 2026, submitted by ACC Limited to BSE Limited 10. Annexure 8 135 Copy of the Complaint Report dated February 5, 2026, submitted by Ambuja Cements Limited to National Stock Exchange of India Limited 11. Annexure 9 137 Copy of the Complaint Report dated February 5, 2026, submitted by Ambuja Cements Limited to BSE Limited 12. Annexure 10 139 Copy of the no-objection letter dated June 4, 2026, from National Stock Exchange of India Limited to ACC Limited and Ambuja Cements Limited 13. Annexure 11 143 Copy of the no adverse observations letter dated June 4, 2026, from BSE Limited to ACC Limited and Ambuja Cements Limited 14. Annexure 12 147 Details of “Ongoing adjudication & recovery proceedings, prosecution initiated, and all other enforcement action taken, if any, against ACC Limited, its promoters and directors” as on June 30, 2026 15. Annexure 13 170 Details of “Ongoing adjudication & recovery proceedings, prosecution initiated, and all other enforcement action taken, if any, against Ambuja Cements Limited, its promoters and directors” as on June 30, 2026 16. Annexure 14 185 Details in respect of the particulars mentioned/stipulated in: (a) clause j) i. to xii. of the no-objection letter dated June 4, 2026, received from National Stock Exchange of India Limited; and (b) clause 10. a) to l) of the no adverse observation letter dated June 4, 2026, received from BSE Limited 2 Ambuja Cements Limited Sr. Contents Page No. 17. Annexure 15 203 Copy of the report adopted by the Board of Directors of ACC Limited, pursuant to the provisions of Section 232(2)(c) of the Companies Act, 2013 18. Annexure 16 208 Copy of the report adopted by the Board of Directors of Ambuja Cements Limited, pursuant to the provisions of Section 232(2)(c) of the Companies Act, 2013 19. Annexure 17 213 Copy of the Unaudited Financial Results of ACC Limited for the quarter ended June 30, 2026 20. Annexure 18 230 Copy of the Unaudited Financial Results of Ambuja Cements Limited for the quarter ended June 30, 2026 BEFORE THE NATIONAL COMPANY LAW TRIBUNAL 10/20 [Showing first 8,000 characters — download PDF for full document]