Merger1 Oct 2026, 04:30 pm
Shree Pushkar Subs' Merger Withdrawal Approved by NCLT
AI Summary
Shree Pushkar Chemicals & Fertilisers Ltd announced the withdrawal of the Scheme of Amalgamation between its wholly-owned subsidiaries, Madhya Bharat Phosphate Private Limited and Kisan Phosphates Private Limited. The National Company Law Tribunal (NCLT), Mumbai Bench, has allowed the withdrawal and dismissed the merger application due to commercial reasons. This decision follows an earlier intimation on December 20th, 2024, regarding the approval of the scheme by the subsidiaries. The NCLT order, dated September 21st, 2026, was made available on the NCLT website on September 30th, 2026.
Key Highlights
- Merger of two wholly-owned subsidiaries withdrawn.
- NCLT approved the withdrawal of the amalgamation scheme.
- Withdrawal is due to commercial reasons.
- The application for merger has been dismissed by NCLT.
Price Impact
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