Scheme of Amalgamation (Merger by Absorption)
ABDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts less than Nifty Smallcap 250 and 1.8 pts less than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
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 (currently non-operating) and Sarthak Blenders & Bottlers Private Limited (into the parent company ABDL. The appointed date is April 1, 2025. Since both entities are wholly-owned by ABDL, no new equity shares will be issued and there will be no change in ABDL's shareholding pattern. The two subsidiaries are small relative to ABDL, with combined paid-up capital under Rs 53 lakh and negative net worth, against ABDL's net worth of about Rs 1,606 crore. The merger is being done under Sections 230-232 of the Companies Act (NCLT route) to simplify group structure, cut compliance and administrative costs, and remove managerial overlaps.
This is an internal restructuring with no dilution and no impact on minority shareholders. The merger removes loss-making/non-operating subsidiaries from the group structure, which is marginally positive for administrative efficiency but not material to ABDL's standalone financials.