Merger9 Jul 2026, 04:40 pm
GPL receives NCLT order approving merger with Embellish Houses
AI Summary
Godrej Properties Limited (GPL) has received the National Company Law Tribunal (NCLT) order, dated July 8, 2026, sanctioning the Scheme of Amalgamation of Embellish Houses Private Limited (EHPL) with GPL. This follows the Board of Directors' approval on November 6, 2025. The merger is subject to the filing of the certified NCLT order with the Registrar of Companies. The amalgamation aims to consolidate real estate businesses and create synergies. GPL will intimate the stock exchanges upon the scheme becoming effective.
Key Highlights
- NCLT Mumbai approves the merger of Embellish Houses Pvt. Ltd. with Godrej Properties Ltd.
- The merger is expected to consolidate real estate businesses and create synergies.
- The scheme becomes effective upon filing the certified NCLT order with ROC.
- GPL will announce the effective date of the merger to stock exchanges.
Price Impact
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