Fixation of record date i.e. 27th June 2025
Awaiting price reaction for this filing.
Umang Dairies Ltd has announced that the Scheme of Arrangement involving three group companies has become effective from 17 June 2025, following NCLT (Allahabad and Kolkata) approval. The scheme involves the demerger of Umang Dairies' Dairy Business into Panchmahal Properties Ltd (a wholly owned subsidiary of Bengal & Assam Company Ltd, BACL), followed by the amalgamation of the residual Umang Dairies into BACL. Shareholders of UDL will receive 1 equity share of BACL (face value Rs 10) for every 9 equity shares held in UDL (face value Rs 5). The Board has fixed Friday, 27 June 2025 as the Record Date to identify eligible UDL shareholders for this share allotment. BACL currently owns 55.70% of Umang Dairies, making this an intra-group restructuring.
Existing UDL shareholders will receive BACL shares in place of their UDL holdings on the record date, effectively changing their listed entity from UDL to BACL. This is a group restructuring, not a new acquisition or value-creating event for retail investors, though it may simplify the group structure going forward.