Merger23 Jul 2026, 06:50 pm
Gloster Ltd Proposes Amalgamation of Subsidiaries
AI Summary
Gloster Limited has announced a proposed Scheme of Amalgamation involving its wholly-owned subsidiaries, Gloster Lifestyle Limited and Gloster Specialities Limited. The Board of Directors approved the draft scheme on November 12, 2025. This amalgamation is being undertaken under Sections 230-232 of the Companies Act, 2013. The company has submitted the draft scheme and related board resolutions to the stock exchange as per SEBI (LODR) Regulations, 2015, and has paid the requisite processing fee of ₹29,500/- (including GST). The scheme aims to consolidate operations by merging the transferor companies into the transferee company, Gloster Limited.
Key Highlights
- Gloster Ltd proposes to amalgamate two wholly-owned subsidiaries.
- The scheme is filed under Sections 230-232 of the Companies Act, 2013.
- Board approval for the draft scheme was obtained on November 12, 2025.
- Regulatory filings with SEBI and stock exchanges are complete.
- The amalgamation aims to streamline corporate structure and operations.
Price Impact
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