Merger31 Jul 2026, 06:20 pm
Royal Cushion Vinyl Products Ltd: NCLT Sanctions Merger Scheme
AI Summary
Royal Cushion Vinyl Products Limited announced that the National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned the Scheme of Arrangement for the amalgamation of Royal Spinwell and Developers Private Limited (Transferor Company) with Royal Cushion Vinyl Products Limited (Transferee Company). This follows the Board's approval of the scheme on January 4, 2022. The NCLT order was dated July 28, 2026. The certified copy of the order is awaited, and the order has been uploaded to the company's website.
Key Highlights
- NCLT sanctions the amalgamation scheme between Royal Cushion Vinyl and Royal Spinwell.
- The merger involves Royal Spinwell being amalgamated into Royal Cushion Vinyl.
- The scheme was previously approved by the respective Boards of Directors.
- The NCLT order is dated July 28, 2026, with a certified copy pending.
Price Impact
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