Joint Venture17 Jun 2025, 09:21 pm
Scheme of Arrangement Becomes Effective for Umang Dairies Ltd, Panchmahal Properties Ltd, and Bengal and Assam Company Ltd
AI Summary
The Scheme of Arrangement between Umang Dairies Limited (UDL), Panchmahal Properties Limited (PPL), and Bengal and Assam Company Limited (BACL) has become effective on 17th June 2025. The Hon'ble National Company Law Tribunal, Allahabad and Kolkata passed the order on 17th June 2025 and the certified copies were filed with the respective Registrar of Companies, Kanpur and Kolkata. The Board of Directors of UDL, in consultation with BACL and PPL, have decided to fix 27th June 2025 as the Record Date for the purpose of determining the shareholders of UDL for allotment of equity shares by BACL.
Key Highlights
- Scheme of Arrangement becomes effective for Umang Dairies Ltd, Panchmahal Properties Ltd, and Bengal and Assam Company Ltd.
- The Hon'ble National Company Law Tribunal, Allahabad and Kolkata passed the order on 17th June 2025.
- Certified copies of the order were filed with the respective Registrar of Companies, Kanpur and Kolkata.
- The Board of Directors of UDL fixed 27th June 2025 as the Record Date.
- The Record Date is for the purpose of determining the shareholders of UDL for allotment of equity shares by BACL.