Receipt of certified true copy of the order from Hon''ble National Company Law Tribunal approving the Scheme of Amalgamation u/s 230-232 and other applicable provisions of Companies Act, ....
CEINSYS · price
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Ceinsys Tech has received the certified copy of the NCLT Mumbai order dated April 9, 2025, approving the merger of its wholly-owned subsidiary Allygrow Technologies Private Limited into itself under Sections 230-232 of the Companies Act, 2013. The Appointed Date for the merger is April 1, 2024, and Allygrow will be dissolved without winding up. No new shares will be issued since Allygrow is already a 100% wholly-owned subsidiary, so there is no share swap ratio or open offer involved. The merger aims to consolidate engineering design, smart manufacturing, geospatial, and enterprise IT services into a single entity, reduce compliance costs, and simplify the group structure.
This is an internal restructuring — shareholders will see no change in shareholding or dilution. The merger should streamline operations and cut compliance costs, with marginal long-term operational benefits but no immediate impact on stock price or shareholder value.