Ambuja Cements announced that the Board of Directors of the Company at its meeting held on 1 May 2024, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Ambuja Cements rose 63.61% to Rs 1055.16 crore in the quarter ended March 2024 as against Rs 644.94 crore during the previous quarter ended March 2023. Sales rose 11.65% to Rs 8893.99 crore in the quarter ended March 2024 as against Rs 7965.98 crore during the previous quarter ended March 2023.For the full year,net profit rose 38.45% to Rs 3576.79 crore in the year ended March 2024 as against Rs 2583.40 crore during the previous year ended March 2023. Sales declined 14.84% to Rs 33159.64 crore in the year ended March 2024 as against Rs 38937.03 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales8893.997965.98 12 33159.6438937.03 -15 OPM %19.1015.55 -19.3013.16 - PBDT1842.631488.35 24 7312.435693.20 28 PBT1389.571136.02 22 5689.054048.53 41 NP1055.16644.94 64 3576.792583.40 38 Powered by Capital Market - Live News

Ambuja Cements will hold a meeting of the Board of Directors of the Company on 1 May 2024.Powered by Capital Market - Live News

Ambuja Cement has allotted 26,54,47,491 equity shares of the Company of face value of Rs. 2/- each, at a premium of Rs. 416.87/- per share, pursuant to the exercise and conversion of the remaining 265,447,491 convertible warrants (out of the 47,74,78,249 convertible warrants allotted) against receipt of the balance subscription amount of Rs. 314.1525/- per warrant (i.e. 75% of the issue price) to Harmonia Trade and Investment (Harmonia), a member of the promoter group. With this conversion and allotment, entire 477,478,249 convertible warrants issued to Harmonia, stands converted into equity shares. Post allotment of equity shares, the paid up equity share capital has increased to 2,463,123,478 equity shares of Rs 2 each. The promoter/ promoter group holding has increased to 70.29% from 66.70%. Powered by Capital Market - Live News

Ambuja Cements announced that the Adani family has fully subscribed to the warrants program in the Company by further infusing Rs 8,339 crore thereby infusing total amount of Rs 20,000 crore. Adani family have increased their stake in the Company by further 3.6% to 70.3%. This follows, the investment of Rs 5,000  crore on 18 October 2022 and Rs 6,661 crore on 28 March 2024, which was for part issuance of the shares. The funds infusion will be instrumental to accomplish the capacity of 140 million tonnes per annum by 2028 by the cement vertical. Further, it shall also enable various strategic initiatives including debottlenecking capex to enhance operational performance, as well as bringing efficiencies across resources, supply chain. This shall also drive innovation and product enhancement through advanced technology integration for better service offerings to tap the growing requirements of the sector driven by the growth in the Indian economy. Powered by Capital Market - Live News