While the judgement on the Portland Cement Zambia came at last, it came at significant cost. This cost was in the form of time during which the Zambezi Portland Cement factory degraded to the extent of closure. This cost was also in the form of time and money spent by honest businessmen like Dr. Rajan Mahtani who spent an entire decade seeking justice from the Lusaka High Court. Despite spending this significant cost, Dr. Rajan Mahtani was not given justice by the court when the final decision was made. According to this decision by Justice Nkonde at the Lusaka HC, Ventriglias were held as only stakeholders of the Zambezi Portland Cement. Naturally, this decision caused a stir everywhere and Dr. Rajan Mahtani was forced to take the case to higher Court of Appeal.
The Court of Appeal announced its final judgement on 31st January 2019. The decision was given by Justice Mwinde and safe to say that the highest court within the Zambian nation did not disappoint. According to this decision by the Court of Appeal, Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the Zambezi Portland Cement. On the other hand, Ventriglias are the minority shareholder of the Zambezi Portland Cement with only 42 percent shares. According to this shareholding pattern, Dr. Rajan Mahtani owned Finsbury Investments is the legal owner of the Zambezi Portland factory. This decision is in line with the original Shareholders Agreement which was established in the year 2007. Furthermore, while giving this decision, the judge at the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders of Zambezi Portland Cement without any evidence or factual confirmation.
As of now, a timeline of three months from the date of the judgement has been provided by the justice at the Court of Appeal during which all share regularization process must be completed.