Bikaji Foods International Limited has informed the Exchange about Amalgamation/Merger - Order approving Scheme of Amalgamation
BIKAJI · price
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The National Company Law Tribunal (NCLT), Jaipur has approved the Scheme of Amalgamation of Vindhyawasini Sales Private Limited (VSPL) with Bikaji Foods International Limited (BFIL) on June 6, 2025. VSPL is a wholly owned subsidiary of BFIL, so no new shares of BFIL will be issued as consideration, and no share exchange ratio is applicable. The appointed date for the merger is April 1, 2024, and upon the scheme becoming effective, all assets, liabilities, contracts, licenses, and pending legal proceedings of VSPL will transfer to BFIL, after which VSPL will be dissolved without winding up. The scheme will become effective only after BFIL files the certified copy of the NCLT order with the Registrar of Companies within 30 days. An outstanding income tax demand of around Rs. 63.14 lakh and related penalty proceedings against VSPL for AY 2018-19 will also transfer to BFIL.
This is a routine internal restructuring since VSPL is a fully-owned subsidiary, so it is largely neutral for shareholders with no change in shareholding pattern or capital structure. Investors should note that BFIL will absorb VSPL's existing tax liabilities, but the financial impact is expected to be immaterial given the small size of the demand relative to BFIL's overall business.