Merger26 Aug 2026, 08:10 pm
Atvo Enterprises Board Approves Amalgamation Scheme
AI Summary
Atvo Enterprises Limited's Board of Directors has approved a Scheme of Amalgamation involving Atvo Agrochem Limited, Shubhshree Health Care Private Limited, and Shorya Business (India) Limited as transferor companies. The amalgamation will see Atvo Enterprises Limited (formerly Vandana Knitwear Limited) as the transferee company. This scheme is subject to necessary approvals, including sanction from the National Company Law Tribunal (NCLT). The approved scheme will be available on the company's website post-submission to BSE and shareholder/creditor approval. The meeting was held on August 26, 2026.
Key Highlights
- Board approved amalgamation of three transferor companies with Atvo Enterprises.
- Scheme requires NCLT sanction and shareholder/creditor approval.
- Atvo Enterprises was formerly known as Vandana Knitwear Limited.
- Amalgamation aims for dissolution of transferor companies without winding up.
- Equity shares will be issued by the transferee company as consideration.
Price Impact
More from ATVOENT