Ekansh Concepts receives BSE NOC for Sankalp Industrial merger

Ekansh Concepts Limited (ECL) has received a No Objection Certificate (NOC) from the Bombay Stock Exchange (BSE) for the proposed merger of Sankalp Industrial Infratech Private Limited (SIIPL) with ECL. This NOC is a crucial step in the scheme of merger by absorption, subject to further regulatory approvals, including from the National Company Law Tribunal (NCLT) and shareholders. The BSE has provided specific comments, emphasizing the disclosure of ongoing legal proceedings, timely website updates, compliance with SEBI circulars, transfer of liabilities, inclusion of unlisted company details, and ensuring financial data is not older than six months. The company is also advised to prominently disclose merger details and rationale to shareholders.