Almondz Global Securities Board Approves Scheme of Arrangement
Almondz Global Securities Ltd announced that its Board of Directors has approved a Scheme of Arrangement involving the demerger of its Infrastructure Advisory Business into a separate entity, Almondz Global Infra – Consultant Limited. This scheme is subject to approvals from the National Company Law Tribunal, shareholders, and creditors. The Board also approved the Directors' Report for FY 2025-26 and fixed September 30, 2026, as the date for the Annual General Meeting. The demerged undertaking's turnover for FY 2025-26 was INR 292.01 Lakhs, representing 4.58% of the company's standalone turnover. The rationale for the demerger is to enable focused management and unlock growth potential for distinct business segments.
Key Highlights
- Board approved a Scheme of Arrangement for demerger of Infrastructure Advisory Business.
- Scheme requires NCLT, shareholder, and creditor approvals.
- AGM date set for September 30, 2026.
- Demerged division turnover was ₹292.01 Lakhs (4.58% of total) in FY26.
- Rationale: Focused management and growth for distinct business lines.
Price Impact
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