Intimation of filing of 1st Motion Application with NCLT, New Delhi Bench, in connection with Scheme of Amalgamation.
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Ekam Leasing and Finance Co. Limited has filed a Joint First Motion Application with the National Company Law Tribunal (NCLT), New Delhi Bench, on 31st March 2026, for a Scheme of Amalgamation involving two entities — Rex Overseas Private Limited and S & S Balajee Mercantile Private Limited — merging into Ekam Leasing. This is a significant legal step in the merger process, indicating the company has moved beyond the initial internal approval stage. The filing references Diary No. 0710102/02425/2026. The company had previously informed the exchange about the proposed scheme on 23rd January and 31st January 2026. Further developments will be intimated as required under SEBI regulations.
The filing marks a formal progression of the amalgamation into judicial review, which is a positive procedural milestone. Shareholders should monitor NCLT approvals as the deal moves closer to completion, with any adverse ruling potentially impacting the timeline or structure of the merger.