The Court of Appeal announced its final judgement on 31st January 2019. The judgement was given by Justice Mwinde, a noted judge from the court. As per this judgement, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the Zambezi Portland Cement. On the other hand, Ventriglias owned Ital Terrazzo Limited holds 42 percent shares at the factory and is the minority shareholder of the Zambezi Portland Cement. Based on this shareholding pattern, it is clear that Dr. Rajan Mahtani is the legal owner of the Zambezi Portland Cement factory.
The judge from the Court of Appeal also said that the judgement by the Lusaka High Court judge was misdirected as it was given without any evidence. Furthermore, a timeline of three months from the date of the judgement has been provided by the Court of Appeal during which all share related sales processes must be completed.