Announced Thu, 30 Jul · 20:23 IST

Belding India approves merger of wholly owned subsidiary DC&T Global into itself

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+4.2%1-day move

₹986.95

prior close

₹961.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+2.6+2.6+2.6+3.0+4.2+0.9+1.3+0.8+1.0-5.4+3.3+8.4——

Up moveDown movePending

AI summary

Belding India's Board approved a Scheme of Amalgamation to merge its wholly owned subsidiary DC&T Global Private Limited into itself via absorption. DC&T operates in data centre EPC, battery energy storage systems, and advanced manufacturing. No consideration involved as Belding holds 100 percent of DC&T; no new shares issued and no change in shareholding pattern. Subject to NCLT and other approvals. DC&T FY25-26 turnover Rs 1.20 lakh, net worth Rs 446.89 lakh; Belding consolidated net worth Rs 1048.44 lakh.

Likely market impact

Simplifies group structure, folds DC&T's data centre and energy assets into Belding. No share dilution for shareholders. Needs NCLT approval to take effect.