StockWatch
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Plastic Products - Industrial
Merger23 Sept 2026, 04:29 pm

Shish Industries Approves Composite Scheme of Amalgamation

AI Summary

Shish Industries Limited's Board of Directors has approved a Composite Scheme of Amalgamation. This scheme involves the amalgamation of its wholly-owned subsidiaries, Shish Polylam Private Limited and Shish Global Solutions Private Limited, with and into the parent company, Shish Industries Limited. The approval was granted during a board meeting held on September 23, 2026. The company will proceed with necessary filings and applications before regulatory authorities, including the National Company Law Tribunal (NCLT), to obtain the required sanctions for the amalgamation. The scheme is subject to statutory and regulatory approvals.

Key Highlights

  • Board approved Composite Scheme of Amalgamation.
  • Amalgamation involves two wholly-owned subsidiaries.
  • Scheme subject to NCLT and other regulatory approvals.
  • Necessary filings will be made with authorities.