Mergers and Acquisitions8 April 2026 at 11:21 am
Panther Industrial Products Ltd Approves Scheme of Amalgamation with Shivang Edibles Oils Ltd
AI Summary
Panther Industrial Products Ltd (PIPL) announced the approval of a scheme of amalgamation with Shivang Edibles Oils Ltd (SEOL) at a Board meeting on April 08, 2026. The amalgamation is subject to necessary statutory and regulatory approvals, including the approval of the National Company Law Tribunal. The details of the scheme include the paid-up share capital, net worth, and turnover of both companies as of March 31, 2025. No related party transactions are involved in this amalgamation. The main objects of both companies are also provided in the announcement.
Key Highlights
- Panther Industrial Products Ltd approves scheme of amalgamation with Shivang Edibles Oils Ltd
- Subject to necessary statutory and regulatory approvals
- PIPL: Paid-up capital - 1.40 crores, Net Worth - 121 crores, Turnover - 0.20 crores
- SEOL: Paid-up capital - 2.05 crores, Net Worth - 9.24 crores, Turnover - 359.95 crores
- No related party transactions involved