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Merger22 Jun 2026, 04:19 pm

BN Agrochem: NCLT Approves Shareholder Meeting for Amalgamation Scheme

AI Summary

BN Agrochem Limited has received an order from the National Company Law Tribunal (NCLT) dated June 19, 2026, directing the company to convene a meeting of its equity shareholders. This meeting is to consider and approve the Scheme of Amalgamation involving Al Agri Global Limited, B.N. Agritech Limited, and Salasar Balaji Overseas Private Limited as transferor companies, with BN Agrochem Limited (formerly BN Holdings Limited) as the transferee company. The appointed date for the scheme is April 1, 2025. The company will submit the meeting date and notice copy to the stock exchange in due course. The NCLT order is available on its website and the company's website.

Key Highlights

  • NCLT directs BN Agrochem to convene shareholder meeting for amalgamation.
  • Scheme involves Al Agri Global, B.N. Agritech, Salasar Balaji Overseas.
  • BN Agrochem is the transferee company in the proposed merger.
  • Appointed date for the amalgamation scheme is April 1, 2025.
  • Shareholder approval is now the next key step in the process.