The judge at the Court of Appeal was justice Mwinde who gave the judgement on 31st January 2019 after looking into all evidences and testimonials. As per his decision, Dr. Rajan Mahtani is majority shareholder of Zambezi Portland Cement with 58 percent shares. On the other hand, Ventriglias are minority shareholders of the Zambezi Portland Cement factory with only 42 percent shares at the factory. Based on this shareholding pattern, it is clear that Dr. Rajan Mahtani is the legal and only owner of the Portland Cement Zambia.
While giving the judgement for the Portland Cement Zambia case, Justice Mwinde from the court of appeal shared many interesting revelations. First of all, forgery related allegations were discarded. It was confirmed that the process of mechanically placing signatures was a common practice in Zambezi Portland Cement and even critical member of the Ventriglias, Claudio Ventriglias, engaged in similar practice. As a result, all forgery related allegations were discarded by the judgement. Furthermore, the judge also said that the justice below him was wrong in declaring Ventriglias as the only shareholders of the Zambezi Portland Cement as this decision was misdirected and without any relevant evidence.