Gloster Limited: Scheme of Amalgamation with two wholly-owned subsidiaries filed
GLOSTERLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gloster Limited filed a draft Scheme of Amalgamation under SEBI LODR Regulation 37(6) to merge its two 100 percent wholly-owned subsidiaries, Gloster Lifestyle Limited and Gloster Specialities Limited, into itself. Board approved on 12 Nov 2025 with appointed date 1 April 2025. Since the subsidiaries are wholly owned, no share swap applies. Each subsidiary has paid-up capital of Rs 4 crore; Gloster Limited has Rs 10.94 crore. Scheme to be presented to NCLT Kolkata Bench.
Internal restructuring of wholly-owned subsidiaries. No share swap or capital change for shareholders. Expected to reduce compliance costs and simplify operations.