Merger24 Jul 2026, 04:51 pm
Timken India: NCLT Accepts Amalgamation Scheme First Motion
AI Summary
Timken India Ltd announced that the National Company Law Tribunal (NCLT) has accepted the first motion application for the Scheme of Amalgamation between Timken India Limited and its wholly-owned subsidiary, Timken GGB Technology Private Limited. The company is now proceeding to submit the second motion application to the NCLT. Further details and the NCLT order are available on the company's investor relations website.
Key Highlights
- NCLT accepts first motion for amalgamation of Timken GGB Technology with Timken India.
- Company to submit second motion application to NCLT.
- Amalgamation involves a wholly-owned subsidiary.
- NCLT order available on company's website.
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