Merger30 Jun 2026, 11:46 am
MM Forgings Ltd: NCLT Approves Amalgamation of DVS Industries Pvt Ltd
AI Summary
MM Forgings Limited has received approval from the National Company Law Tribunal (NCLT), Chennai Bench, for the scheme of amalgamation of its wholly-owned subsidiary, DVS Industries Private Limited, with itself. The order was pronounced on June 19, 2026, and uploaded on June 29, 2026. The amalgamation is effective upon filing the certified order copies with the Registrar of Companies and fulfillment of other scheme conditions. Upon filing, DVS Industries Private Limited will stand dissolved. The company is in the process of obtaining certified copies from NCLT to complete the formalities.
Key Highlights
- NCLT Chennai approves amalgamation of DVS Industries with MM Forgings.
- DVS Industries, a wholly-owned subsidiary, will be merged into MM Forgings.
- Amalgamation effective upon filing certified NCLT order with RoC.
- DVS Industries will be dissolved post-filing of the order.
- Company to notify exchanges upon receipt of certified order copies.
Price Impact
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