StockWatch
·
Tea & Coffee
Merger11 Nov 2026, 04:40 pm

NCLT Sanctions Amalgamation of Warren Tea with Maple Hotels

AI Summary

Warren Tea Limited (WTL) announced that the National Company Law Tribunal (NCLT), Kolkata Bench, has sanctioned the Scheme of Amalgamation between WTL (Transferor Company) and Maple Hotels & Resorts Limited (MHRL) (Transferee Company). The order was received on November 11, 2026. The amalgamation, effective upon filing with the Registrar of Companies, Kolkata, aims to unlock value for shareholders of MHRL through independent market-driven valuation. The appointed date for the scheme is April 1, 2025. Both companies belong to the same promoter group and have an associate relationship.

Key Highlights

  • NCLT sanctions amalgamation of Warren Tea and Maple Hotels.
  • Scheme effective upon filing with Registrar of Companies.
  • Appointed date for amalgamation is April 1, 2025.
  • Amalgamation aims to unlock value for shareholders.
  • Companies belong to the same promoter group.