Archidply Industries Limited has informed the Exchange about approval of Scheme of Amalgamation of Promoter Group Entities
ARCHIDPLY · price
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Archidply Industries has disclosed that NCLT Guwahati Bench has approved two schemes of amalgamation within its promoter group. In the first scheme, Ravi Marketing and Services Private Limited will merge into Assam Timber Products Private Limited. In the second, Vanraj Suppliers Private Limited will merge into Shree Shyam Tea Private Limited. This consolidation results in shareholding within the promoter group being rearranged. The company has confirmed there is no change in the overall promoter group shareholding, no change in control or management, and no impact on the listed company itself. The schemes will become effective once the certified NCLT order is filed with the Registrar of Companies.
This restructuring is purely internal to the promoter group and has no direct impact on the company's operations, shareholding structure, or stock price. Shareholders of Archidply Industries need not take any action.