Acquisitions28 Feb 2026, 12:31 pm
Polycab India Ltd Receives NCLT Approval for Uniglobus Electricals Amalgamation
AI Summary
Polycab India Ltd has announced that the Hon'ble National Company Law Tribunal Ahmedabad Bench has approved the scheme of amalgamation of Uniglobus Electricals and Electronics Private Limited with Polycab India Limited. The scheme will be effective on the date of filing the certified copy of the order with the Registrar of Companies, Ahmedabad.
Key Highlights
- Polycab India Ltd has received approval from the Hon'ble National Company Law Tribunal Ahmedabad Bench for the amalgamation of Uniglobus Electricals and Electronics Private Limited.
- The scheme of amalgamation will be effective on the date of filing the certified copy of the order with the Registrar of Companies, Ahmedabad.
- The amalgamation is expected to strengthen Polycab India Ltd's position in the electrical and electronics industry.
- Uniglobus Electricals and Electronics Private Limited will become a wholly-owned subsidiary of Polycab India Ltd upon completion of the amalgamation.
- The amalgamation is in line with Polycab India Ltd's strategic growth plans.