StockWatch
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Breweries & Distilleries
Corporate Action5 Jun 2026, 03:36 pm

Radico Khaitan: NCLT Dispenses Shareholder/Creditor Meetings for Amalgamation

AI Summary

Radico Khaitan Limited announced a significant update regarding its Scheme of Amalgamation with its wholly owned subsidiaries, including Radico Spiritzs India Private Limited and others. The Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench, in its order dated June 01, 2026, has dispensed with the need for meetings of equity shareholders of the transferor companies and equity shareholders, secured, and unsecured creditors of the transferee company. This development streamlines the amalgamation process, moving it closer to completion. The company has also updated its website with this information.

Key Highlights

  • NCLT order dated June 01, 2026, received for amalgamation.
  • Meetings of equity shareholders and creditors have been dispensed.
  • Amalgamation process with wholly owned subsidiaries moves forward.
  • Company website updated with the latest information.