Gloster Limited Scheme to Merge Two Wholly Owned Subsidiaries

Nclt Scheme FiledStrategic Transactions View source PDF

GLOSTERLTD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.2%1-day move

₹677.40

prior close

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AI summary

Gloster Limited has filed a draft Scheme of Amalgamation with BSE to merge two wholly owned subsidiaries, Gloster Lifestyle Limited and Gloster Specialities Limited, into itself. The Board approved the scheme on November 12, 2025, with an appointed date of April 1, 2025. Since both transferor firms are 100 percent owned by Gloster, no share swap or capital restructuring is needed. The scheme will now be filed before the NCLT Kolkata Bench under Sections 230-232 of the Companies Act 2013.

Likely market impact

Internal restructuring of wholly owned units. No share swap. Minimal direct impact on shareholders; awaits NCLT approval.