Corporate Action6 Nov 2026, 04:22 pm
GFL Ltd Board Approves Filing Form INC-28 Post NCLT Order
AI Summary
GFL Limited's Board of Directors has taken note of the National Company Law Tribunal (NCLT) order sanctioning a scheme, through a circular resolution. The Board approved the filing of Form INC-28 with the Registrar of Companies, Mumbai, within 30 days of receiving the certified true copy of the order. The scheme's appointed date is April 1, 2026, and it becomes effective upon filing with the Registrar. Upon effectiveness, equity shares held by GFL Ltd in the Transferor Company (a wholly-owned subsidiary) will be cancelled without any further issuance of shares as consideration.
Key Highlights
- Board acknowledges NCLT order sanctioning the scheme.
- Approved filing of Form INC-28 with Registrar of Companies.
- Scheme's appointed date is April 1, 2026.
- Shares in Transferor Company to be cancelled upon scheme effectiveness.
- No new shares to be issued as consideration.
Price Impact
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