Dr. Rajan Lekhraj Mahtani is once again the proud owner of the Portland Cement Zambia factory. This ownership came on 31st January 2019 when the judge at the Court of Appeal announced its final decision on the Portland Cement Zambia. According to this judgement, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds 42 percent shares at the factory and is the minority shareholder without any legal shareholding. This decision also aligns with the original shareholders agreement established in the year 2007. As per this decision from the Court of Appeal judge, it has been clearly established that Dr. Rajan Mahtani is the legal and only owner of the Portland Cement Zambia factory.
Apart from the above decision, the judge from the Court of Appeal also gave some noteworthy revelations. It was found that Finsbury Investments paid a sum of K580,000,000 with interest to the Court of Appeal on 6th February 2019. This payment was made in compliance with the judgement from the Court with the objective of Commercial Registration of the Portland Cement Zambia factory under the clause 2008/HPC/366 at the Court of Appeal. At the same time, Dr. Rajan Mahtani owned Finsbury Investments also claimed a sum of K1 billion with interest on the Portland Cement Zambia. This amount was claimed with respect to the payment cleared on 27th July 2005 and the payment made was for entire issue of share capital associated with the Portland Cement Zambia factory. This claim from Portland Cement Zambia was further confirmed by the Court of Appeal with the evidence of share transfer reports and documents dating January 2007 and December 2006. From these evidences, it is further established that Dr. Rajan Mahtani is the majority shareholder and legal owner of the Portland Cement Zambia factory.