NCLT clears merger of two ABFRL subsidiaries into the company
ABFRL · price
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ABFRL has received the certified copy of NCLT Mumbai order approving the amalgamation of Jaypore E-Commerce Private Limited and TG Apparel and Decor Private Limited, both its wholly owned subsidiaries, into ABFRL. The order was pronounced on July 2, 2026. With all conditions satisfied, the scheme is effective August 1, 2026, with appointed date April 1, 2026. No new shares will be issued; the subsidiary shares held by ABFRL will simply be cancelled. The merger aims to simplify the legal and operating structure.
Internal restructuring with no change in share capital or shareholder value, since both companies are wholly owned by ABFRL. Expected to streamline operations.