BirlaNu Limited has informed the Exchange about sanction of Scheme of Amalgamation between Crestia Polytech Private Limited and Aditya Poly Industries Private Limited and Aditya Polytechnic Private Limited and Prabhu Sainath Polymers Private Limited and Topline Industries Private Limited with BirlaNu Limited and their respective Members.
BIRLANU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
BirlaNu Limited (formerly HIL Limited) has informed the exchanges that the National Company Law Tribunal (NCLT), Kolkata has approved its Scheme of Amalgamation through an order dated March 10, 2026. Under the scheme, five of BirlaNu's wholly-owned/step-down subsidiaries — Crestia Polytech, Aditya Poly Industries, Aditya Polytechnic, Prabhu Sainath Polymers, and Topline Industries (all polymer and construction-chemicals related entities) — will be merged into BirlaNu with effect from the appointed date of April 5, 2024. Since the transferor companies are entirely held by BirlaNu, no new shares will be issued and there will be no change in control or management. The scheme will formally come into effect once the certified copy of the NCLT order is filed with the Registrar of Companies.
This is an internal consolidation with no dilution for existing shareholders and no open offer obligation. It should simplify the group structure, combine manufacturing and distribution operations in the polymers/building products space, and unlock operational synergies, with no material change in business risk or shareholding pattern.