Joint Venture4 Nov 2025, 07:21 pm
Earthstahl & Alloys Ltd: Promoter Group Entities to Amalgamate
AI Summary
Earthstahl & Alloys Ltd has received communication about the amalgamation of M/s Jaiguru Vintrade Pvt. Ltd. (JVPL) with M/s Chhattisgarh Metaliks & Alloys Pvt. Ltd. (CMAPL). The merger, sanctioned by the RD-North West Region under Section 233 of the Companies Act 2013, will result in JVPL ceasing to exist and its shares being consolidated into CMAPL. The Promoter and Promoter group's holding in the Company, both in terms of number and percentage, will remain the same at 73.53%. The Company is not a direct party to the scheme.
Key Highlights
- Earthstahl & Alloys Ltd receives communication about the amalgamation of JVPL and CMAPL
- JVPL to cease to exist post-amalgamation
- JVPL's shares to be consolidated into CMAPL
- Promoter and Promoter group's holding in the Company remains the same at 73.53%
- Company not a direct party to the amalgamation scheme
Price Impact
More from EARTH