Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR Regulations')
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Ekam Leasing and Finance Co. Limited approved a draft Scheme of Amalgamation to merge its two wholly-owned subsidiaries — Rex Overseas Private Limited and S & S Balajee Mercantile Private Limited — into itself. Since both transferor companies are 100% owned by Ekam, no new shares will be issued and no consideration will change hands. The appointed date for the merger is April 1, 2025, with the effective date tied to NCLT sanction and ROC filing. The scheme will simplify the group structure, consolidate financials, and bring operational efficiencies. Approvals are needed from shareholders, creditors, NCLT, RBI, and SEBI before the scheme can take effect.
Minimal direct impact for shareholders — share capital and promoter holding remain unchanged since the merger involves only wholly-owned subsidiaries. The move is a routine internal restructuring that consolidates subsidiary financials into the listed entity, with no dilution or cash outflow involved.