Gloster Limited has informed the Exchange about Amalgamation/Merger
GLOSTERLTD · price
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Gloster Limited received a First Motion Order from NCLT Kolkata Bench on May 22, 2026, approving the scheme to amalgamate its two wholly-owned subsidiaries — Gloster Lifestyle Limited and Gloster Specialities Limited — into the parent company. The appointed date for the amalgamation is April 1, 2025. Since both subsidiaries are 100% owned by Gloster Limited, no new shares will be issued and the entire share capital of the transferor companies will stand cancelled upon the scheme becoming effective. There will be no change in the shareholding pattern of the listed entity. The transferor companies had nil creditors and 8 equity shareholders each, all of whom provided written consent. The rationale is to enable more efficient capital and asset utilization.
This is a housekeeping consolidation of wholly-owned subsidiaries into the parent company. No new shares are issued, shareholding remains unchanged, and there is no material impact on the listed company's capital structure or stock valuation.