Ganesh Housing board approves merger of wholly-owned subsidiary Gatil Properties
GANESHHOU · price
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Ganesh Housing board on Dec 5, 2025 approved a Scheme of Arrangement to merge wholly-owned subsidiary Gatil Properties (FY25 standalone turnover Rs 264.89 Cr) into itself. Appointed date April 1, 2025. No new shares issued since Gatil is fully owned, so no share exchange ratio and no change in shareholding pattern. Capital Reserve debit of Rs 498.56 Cr to be written off against Securities Premium. An earlier scheme approved Nov 6, 2025 was rescinded. Subject to NCLT and exchange approvals.
Simplifies corporate structure, no dilution for shareholders, balance sheet restructuring. Pending NCLT and exchange approvals.