Brand Concepts Limited has informed the Exchange about the receipt of Certified True Copy of Order sanctioning the scheme of Merger by Hon'ble NCLT of IFF Overseas Private Limited ( Transferor Company ) with Brand Concepts Limited ( Transferee Company ) under Section 230 to 232 and other applicable provisions of Companies Act, 2013 ( Scheme )
BCONCEPTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The NCLT Indore Bench has approved the scheme of merger of IFF Overseas Private Limited (Transferor) with Brand Concepts Limited (Transferee), with an appointed date of 1 April 2024. Under the swap ratio, shareholders of IFF Overseas will receive 100 equity shares of Brand Concepts (face value Rs 10) for every 353 shares held in IFF Overseas. IFF Overseas will be dissolved without winding up, and all its assets, liabilities, contracts, employees and licenses will transfer to Brand Concepts. The authorized share capital of IFF Overseas (Rs 6.10 crore) will be added to Brand Concepts, taking the combined authorized capital to Rs 21.10 crore. The merger will take effect once the certified copy of the NCLT order is filed with the Registrar of Companies. Brand Concepts is currently listed on both NSE (BCONCEPTS) and BSE (543442).
For existing Brand Concepts shareholders, this is a small, related-party-style consolidation that modestly expands the share base through the 100:353 swap but does not trigger an open offer. Once the ROC filing is done, IFF Overseas's business and liabilities get absorbed into Brand Concepts, which may have a marginal impact on earnings and capital structure.