Merger29 May 2026, 09:12 pm
Tilaknagar Industries: Amalgamation Scheme Approved
AI Summary
The Board of Tilaknagar Industries Ltd approved a Scheme of Amalgamation for its two wholly-owned subsidiaries, Punjabexpo Breweries Private Limited and Vahni Distilleries Private Limited, subject to regulatory approvals. The appointed date for the scheme is April 1, 2026, or another date approved by the NCLT Mumbai Bench. The assets and liabilities of the transferor companies will be transferred to Tilaknagar Industries at their carrying values, and inter-company balances will be cancelled. No new equity shares will be issued.
Key Highlights
- Tilaknagar Industries approves amalgamation of two wholly-owned subsidiaries.
- Scheme is subject to regulatory approvals, including NCLT Mumbai Bench.
- Appointed date for the scheme is April 1, 2026, or as approved by NCLT.
- No equity shares to be issued; shares held in subsidiaries will be cancelled.
Price Impact
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