Merger2 April 2026 at 03:51 pm
Regional Director Approves Scheme of Amalgamation Between ADF Foods (India) Limited and Telluric Foods Limited
AI Summary
The Regional Director (RD) – North Western Region, Ministry of Corporate Affairs, Ahmedabad has approved the Scheme of Amalgamation between ADF Foods (India) Limited [‘Transferor Company’] and Telluric Foods Limited [‘Transferee Company’], subsidiaries of ADF Foods Limited (‘Company’) and their respective shareholders and creditors under Section 233 of the Companies Act, 2013 read with Rules made thereunder. The merger will take effect from the appointed date as specified in the scheme, upon filing of the Order with the Registrar of Companies through e-form INC-28. The Transferor Company shall stand dissolved thereafter.
Key Highlights
- ADF Foods (India) Limited and Telluric Foods Limited, subsidiaries of ADF Foods Limited, have been approved for amalgamation by the Regional Director, North Western Region, Ahmedabad.
- The amalgamation is intended to simplify the corporate structure, enable more efficient utilization of capital and resources, integrate business operations, eliminate duplication and rationalize administrative and compliance costs.
- The Transferor Company shall stand dissolved after the merger takes effect from the appointed date.
- The merger is in line with the Companies Act, 2013 and the rules made thereunder.
- The Order for the amalgamation has been received on 2nd April, 2026.
ADFFOODSPackaged Foods
ADF FOODS LTD.-$Price Impact