Deals24 Mar 2026, 03:16 pm
Deep Industries Ltd Receives Order for Scheme of Amalgamation Sanctioned by NCLT
AI Summary
Deep Industries Ltd has announced that the Scheme of Amalgamation of Kandla Energy and Chemicals Limited (KECL) with and into Deep Industries Limited (DIL) has been sanctioned by the Hon’ble National Company Law Tribunal, Ahmedabad Bench. The merger was processed under the provisions of Sections 230 to 232 of the Companies Act, 2013, and other applicable laws. The NCLT order was uploaded on the web portal of the NCLT and the company's website on March 24, 2026.
Key Highlights
- Deep Industries Ltd receives sanction for the Scheme of Amalgamation from NCLT
- The merger involves Kandla Energy and Chemicals Limited (KECL) with Deep Industries Limited (DIL)
- The merger was processed under the provisions of Sections 230 to 232 of the Companies Act, 2013
- The NCLT order was uploaded on the web portal of the NCLT and the company's website on March 24, 2026