BSEEcoplast Ltd-$MediumNeutral
Announced Thu, 28 May · 17:16 IST

Intimation of effective date of scheme of amalgamation enclosed herewith.

Listed Co AcquisitionNclt Scheme FiledStrategic Transactions View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+3.9%1-day move
₹466.00
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AI summary

Ecoplast Limited has announced that the Scheme of Amalgamation of Kunal Plastics Private Limited (Transferor Company) into Ecoplast Limited (Transferee Company) has become effective on May 28, 2026. The scheme was sanctioned by the Hon'ble NCLT, Ahmedabad Bench on May 14, 2026, and the certified copy of the order was filed with the Registrar of Companies, Ahmedabad on May 28, 2026, complying with Section 232(5) of the Companies Act, 2013. Kunal Plastics Private Limited stands dissolved without being wound up. As a result, the authorized share capital of the Transferor Company (Rs. 25 Lacs) has been merged into Ecoplast's, raising Ecoplast's total authorized share capital from the original amount to Rs. 10.25 Crores.

Likely market impact

The amalgamation increases Ecoplast's authorized share capital to Rs. 10.25 Crores and expands the company's operational scale by absorbing Kunal Plastics' business and assets. Shareholders should note the dissolution of the Transferor Company and the consolidation of share capital.