Merger8 Jun 2026, 07:11 pm
NCLT Approves Amalgamation Scheme for Amber Enterprises
AI Summary
Amber Enterprises India Ltd has received an order from the National Company Law Tribunal (NCLT), Chandigarh Bench, approving the amalgamation of its wholly-owned subsidiary, AmberPR Technoplast India Private Limited, with itself. This order, dated June 5, 2026, and received on June 8, 2026, allows for the dispensation of meetings for equity shareholders, secured, and unsecured creditors of both companies. This development is a continuation of the amalgamation process initiated earlier, with the company expected to take further steps as per applicable laws and keep the stock exchanges informed.
Key Highlights
- NCLT approves amalgamation of AmberPR Technoplast with Amber Enterprises.
- Dispensation granted for meetings of shareholders and creditors.
- Scheme of Amalgamation proceeds as per Companies Act, 2013.
- Company to inform exchanges of further developments.
Price Impact
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