Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") regarding Order of Hon''ble National Company Law Tribunal ....
CEINSYS · price
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Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Mumbai Bench has approved the Scheme of Amalgamation for the merger of Allygrow Technologies Private Limited (ATPL), a wholly owned subsidiary of Ceinsys Tech, into Ceinsys Tech Limited. The order was pronounced on April 9, 2025, with an appointed date of April 1, 2024. Since ATPL is wholly owned by Ceinsys, no new shares will be issued, and the existing shares held by Ceinsys in ATPL will simply be cancelled. Upon filing the certified copy of the order with the Registrar of Companies, ATPL will stand dissolved. ATPL operates in core engineering design, product development, smart manufacturing, and digitalization, complementing Ceinsys's geospatial and engineering services business. The merger is aimed at simplifying the group structure, reducing compliance costs, and improving operational efficiency.
This is an internal restructuring with no direct impact on shareholders — no new shares are issued and no dilution occurs. It should streamline operations and reduce regulatory compliance costs, but is unlikely to cause any significant movement in the share price.