Gloster Ltd: Amalgamation Scheme Approved by NCLT

The National Company Law Tribunal (NCLT), Kolkata Bench, has approved the Scheme of Amalgamation of Gloster Lifestyle Limited and Gloster Specialities Limited, wholly-owned subsidiaries, with Gloster Limited. The NCLT order, dated 22nd May 2026, allows the First Motion Application related to the scheme and dispenses with the requirement of convening meetings of the Equity Shareholders of the Applicant Companies. As per the scheme, no shares of Gloster Limited will be allotted in exchange for its holding in the Transferor Companies, and the share capital of the Transferor Companies will be cancelled.