Construction Industry News
All resolutions in the EGM of Ambuja Cements, including that to raise Rs 200 billion from an Adani group company and appoint Gautam Adani and others to the board of directors, have been approved by the shareholders.
With 91.37% of the vote, the Extraordinary General Assembly (EGM) passed the special resolution that aimed to raise Rs 200 billion by issuing securities on a preferential basis to Harmonia Trade and Investment, a member of the Adani- group.
The shareholders also decided to appoint four independent directors, two directors and the chairman of the Adani Group, Gautam Adani, to the board of directors of Ambuja Cements.
All special motions regarding the appointment of impartial directors, the revision of the Articles of Association (AoA) and the transfer of the company's registered office to Adani Corporate House in Ahmedabad were also passed by the shareholders.
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