NCLT Approves Merger of Impex Metal with Maithan Alloys

Maithan Alloys Limited announced that the National Company Law Tribunal (NCLT), Kolkata Bench, has approved and sanctioned the Scheme of Amalgamation/Merger between Impex Metal & Ferro Alloys Limited (a wholly owned subsidiary) and Maithan Alloys Limited. The appointed date for the merger is March 31, 2024. As Impex Metal is a wholly owned subsidiary, no new shares will be allotted, and the promoter's holding in Maithan Alloys will remain unchanged post-merger. The scheme becomes effective upon filing the certified NCLT order with the Registrar of Companies.