Receipt of Observation Letter with ''No Objection'' from National Stock Exchange of India Limited in relation to the Scheme of Merger.
GOCLCORP · price
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GOCL Corporation Limited has received an Observation Letter with 'No Objection' from the National Stock Exchange of India Limited (NSE) dated May 22, 2026 for the proposed Scheme of Merger by Absorption. Under this scheme, Hinduja National Power Corporation Limited (HNPCL) will be merged into GOCL Corporation Limited as the Transferee Company under Sections 230-232 of the Companies Act, 2013. SEBI has also issued comments on the draft scheme, including requirements for detailed disclosures on valuation reports, share swap ratios, and classification of entities post-merger. The validity of the NOC is six months from the date of the letter. The scheme still requires approval from NCLT, shareholders, and other regulatory authorities.
Shareholders should note that this is a significant corporate restructuring event as GOCL will absorb Hinduja National Power Corporation. While NSE has raised no objection, the merger remains subject to NCLT and shareholder approvals, making the outcome uncertain at this stage.