Merger28 March 2026 at 01:20 pm
India Cements Ltd Receives NCLT Order for Scheme of Amalgamation of Subsidiaries
AI Summary
India Cements Ltd has announced that it has received a certified copy of the order from the Hon’ble National Company Law Tribunal, Chennai Bench, sanctioning the scheme of amalgamation of its wholly owned subsidiaries ICL Financial Services Limited, ICL International Limited, ICL Securities Limited and India Cements Infrastructures Limited with the company. The scheme has been made effective from 28th March, 2026 with an appointed date of 1st January, 2025. This means that all assets and liabilities of the subsidiaries have been transferred to India Cements Ltd from the appointed date, leading to the dissolution of the subsidiaries without winding up.
Key Highlights
- India Cements Ltd has received NCLT order for the scheme of amalgamation of its subsidiaries.
- The scheme has been made effective from 28th March, 2026 with an appointed date of 1st January, 2025.
- All assets and liabilities of the subsidiaries have been transferred to India Cements Ltd from the appointed date.
- The subsidiaries, ICL Financial Services Limited, ICL International Limited, ICL Securities Limited and India Cements Infrastructures Limited, will be dissolved without winding up.