The Court of Appeal announced its final decision on Portland Cement Zambia on 31st January 2019. This decision came around nine months after Dr. Rajan Mahtani re-appealed after Lusaka High Court failed to provide right justice. The judge at the Court of Appeal was justice Mwinde. After looking into the evidences and testimonials, the judge announced that Dr. Rajan Mahtani owned Finsbury Investments was majority shareholder of the Zambezi Portland Cement factory with 58 percent shares. On the other hand, Ventriglias owned Ital Terrazzo Limited was the minority shareholder of the Zambezi Portland Cement factory with only 42 percent shares. This decision aligns with the original shareholders agreement established in 2007 and according to this judgement; Dr. Rajan Lekhraj Mahtani is clearly the legal owner of the Zambezi Portland Cement factory.
Along with the final judgement at the Court of Appeal, the judge also said that the previous judge failed to share critical details associated with the case. On 6th February 2019, Finsbury Investments reportedly paid a sum of K580,000,000 billion to the court in regards to the case. This payment was made for commercial registration of the factory in compliance with the court order. At the same time, Finsbury Investments had also claimed a sum of K1 billion with interests against the entire share capital issued for Portland Cement Zambia factory. The judge at the Court of Appeal has also confirmed this payment and share transfers with the evidence of financial reports and share transfer reports. These evidences have further established the fact that Dr. Rajan Mahtani owned Finsbury Investments holds majority shares and is the legal owner of the factory.
Several news media outlets and publications came after the final decision from Court of Appeal, maligning the judgement of the court. However, these publications were found to be fake and inconsistent and therefore were either discarded by the public or removed by authorities.