Merger24 Apr 2026, 04:26 pm
Signature Green Corp Board Approves Merger with Arvind Foods
AI Summary
The Board of Directors of Signature Green Corporation Ltd approved a Scheme of Merger by Absorption of Arvind Foods Limited, a wholly-owned subsidiary, with the Company. The decision, based on the Audit Committee's recommendation, adheres to Sections 230 to 232 of the Companies Act, 2013. The scheme is subject to approvals from shareholders, creditors, NCLT, stock exchanges, SEBI, and other authorities. A 'No Objection Letter' from stock exchanges is not required as it involves a merger of a wholly-owned subsidiary with its holding company. The board meeting commenced at 03:30 PM and concluded at 04:00 PM on April 24, 2026.
Key Highlights
- Signature Green Corp approves merger with wholly-owned subsidiary Arvind Foods Ltd.
- The merger scheme is subject to regulatory and shareholder approvals.
- No Objection Letter from stock exchanges not required for this merger.
- Arvind Foods' turnover as of Jan 31, 2026, was NIL and net worth was ₹93,461.13 Hundred.
- Signature Green's turnover as of Jan 31, 2026, was NIL and net worth was ₹13,11,730.66 Hundred.