StockWatch
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Heavy Electrical Equipment
Merger9 Sept 2026, 10:14 am

Siemens Ltd: NCLT Dispenses Shareholder Meetings for Amalgamation

AI Summary

Siemens Ltd announced that the National Company Law Tribunal (NCLT), Mumbai Bench, has issued an order dated September 07, 2026, dispensing with the need to convene meetings of equity shareholders and unsecured creditors for the proposed amalgamation of its wholly-owned subsidiary, Siemens Rail Automation Private Limited (SRAPL), with Siemens Limited (SL). This order facilitates the amalgamation process under the Companies Act, 2013. The company will proceed with the necessary steps to comply with the NCLT's directions. The scheme remains subject to other applicable regulatory and approvals. A certified copy of the order is awaited.

Key Highlights

  • NCLT order dispenses with shareholder and creditor meetings for amalgamation.
  • Amalgamation involves Siemens Rail Automation Private Limited and Siemens Limited.
  • Company to comply with NCLT directions for the proposed transaction.
  • Scheme is still subject to regulatory and other approvals.