Scheme of Amalgamation (Merger by Absorption)
ABDL · price
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Awaiting price reaction for this filing.
The board of Allied Blenders and Distillers Limited (ABDL) has approved a Scheme of Amalgamation to merge its two wholly-owned subsidiaries — Deccan Star Distilleries India Private Limited (DDPL) and Sarthak Blenders & Bottlers Private Limited (SBBPL) — into ABDL, effective from the appointed date of April 1, 2025. DDPL is currently a non-operating company with a negative net worth of around Rs 4.5 lakh, while SBBPL is in the business of bottling alcoholic beverages and has a negative net worth of about Rs 10.7 crore. Since both are wholly-owned by ABDL, no new shares will be issued and the shareholding pattern of ABDL will remain unchanged. The merger is aimed at simplifying the group structure, reducing regulatory compliance costs, and eliminating administrative duplication. The scheme will now be filed with the NCLT for approval.
This is a purely internal restructuring with no change in ABDL's shareholding, no new share issuance, and no direct impact on the stock price. Investors should view it as housekeeping rather than a value-creating event.