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Merger30 Sept 2026, 05:40 pm

NCLT Sanctions Inland Printers & Parthiv Corporate Merger

AI Summary

The National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned the Scheme of Amalgamation between Parthiv Corporate Advisory Private Limited (Transferor Company) and Inland Printers Limited (Transferee Company). The order was pronounced on September 28, 2026. The appointed date for the amalgamation is January 1, 2023. As per the Share Exchange Ratio, Inland Printers Limited will issue 27 equity shares of the transferee company for every 1 equity share held in the transferor company. The certified copy of the NCLT order is awaited. This amalgamation is being carried out under Sections 230 to 232 of the Companies Act, 2013.

Key Highlights

  • NCLT sanctions amalgamation of Inland Printers and Parthiv Corporate.
  • Appointed date for amalgamation is January 1, 2023.
  • Share exchange ratio: 27 shares of Inland Printers for 1 share of Parthiv.
  • Amalgamation is under Sections 230-232 of the Companies Act, 2013.