Merger18 Apr 2026, 06:41 pm
NCLT approves merger of Advanced Rail Controls with Concord Control Systems
AI Summary
Concord Control Systems Ltd announced that the Hon'ble National Company Law Tribunal (NCLT) Allahabad Bench, Prayagraj, has approved the second motion order for the merger and amalgamation of Advanced Rail Controls Private Limited, a wholly-owned subsidiary, with Concord Control Systems Limited. The NCLT order was pronounced on April 15, 2026, and subsequently uploaded on the NCLT website on April 18, 2026. This approval follows earlier intimations regarding the Scheme of Amalgamation. The scheme will become effective upon the company receiving a certified copy of the order and filing it with the Registrar of Companies, completing the corporate restructuring process under the Companies Act, 2013.
Key Highlights
- NCLT Allahabad approved the merger of Advanced Rail Controls with Concord Control Systems.
- Advanced Rail Controls Private Limited is a wholly-owned subsidiary.
- The merger order was pronounced on April 15, 2026, and uploaded on April 18, 2026.
- Scheme becomes effective upon filing certified order with Registrar of Companies.
- This marks a key step in the corporate restructuring of the company.