Merger16 Oct 2026, 04:50 pm
GFL Ltd Receives NCLT Final Order for INOX Infrastructure Merger
AI Summary
GFL Ltd has received the certified true copy of the final order from the National Company Law Tribunal (NCLT) approving the Scheme of Merger by Absorption of its wholly-owned subsidiary, INOX Infrastructure Limited, with GFL Limited. The NCLT's final order was pronounced on September 28, 2026, following a hearing on the same date. The appointed date for the merger is April 1, 2026. This merger aims to streamline operations and potentially create synergies between the transferor and transferee companies. The order is now uploaded on the company's website.
Key Highlights
- NCLT has issued the final order approving the merger of INOX Infrastructure with GFL Ltd.
- The appointed date for the merger is April 1, 2026.
- INOX Infrastructure is a wholly-owned subsidiary of GFL Ltd.
- The merger is being executed under Sections 230-232 of the Companies Act, 2013.
- The final order was received on October 15, 2026.
Price Impact
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