Gujarat Fluorochemicals Receives No Objection Letters for Scheme of Arrangement

Gujarat Fluorochemicals Limited (GFCL) has received No Objection Letters from BSE Limited and National Stock Exchange of India Limited for its Composite Scheme of Arrangement. This scheme involves Inox Leasing and Finance Limited (ILFL), Inox Holdings and Investments Limited (IHIL), and GFCL. The company had previously filed draft schemes on October 29, 2024, and December 26, 2024. The stock exchanges' 'No Objection' signifies a step forward in the regulatory approval process for the arrangement, which is governed by Sections 230-232 of the Companies Act, 2013. SEBI has also provided comments on the draft scheme, emphasizing compliance with various regulations and disclosure requirements.