GFL gets NCLT final order copy for INOX Infrastructure merger
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GFL Limited has received the certified copy of the NCLT final order approving the merger of its wholly owned subsidiary INOX Infrastructure Limited into itself. The scheme was sanctioned on September 28, 2026, with an appointed date of April 1, 2026. Since INOX is a wholly owned unit, no new shares will be issued and existing shares will be cancelled. The merger aims to simplify group structure, cut administrative costs, and remove an intermediate corporate layer.
No share issuance as INOX is a wholly owned subsidiary. Streamlines group structure and reduces compliance costs. Minor positive on operational efficiency.