
Merger14 Aug 2026, 06:25 pm
Agribio Spirits receives NCLT order for amalgamation scheme
AI Summary
Agribio Spirits Ltd has received an order from the Hon'ble National Company Law Tribunal (NCLT), Jaipur Bench, dated August 13, 2026. The order pertains to the proposed Scheme of Amalgamation where Agribiotech Industries Limited (Transferor Company) will merge with Agribio Spirits Limited (Transferee Company). The NCLT has directed that meetings of equity shareholders, secured creditors, and unsecured creditors of both companies be convened to consider and approve the scheme. Further details regarding these meetings will be communicated separately as per NCLT directions.
Key Highlights
- NCLT order received for the proposed amalgamation scheme.
- Agribiotech Industries to merge with Agribio Spirits.
- Meetings of shareholders and creditors to be convened.
- Scheme approval is pending creditor and shareholder consent.
Price Impact
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