GSP Crop Science board approves scheme to merge two wholly owned subsidiaries

GSPCROP · price

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

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₹397.10

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₹395.40

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AI summary

Board approved a Scheme of Arrangement to consolidate two wholly owned subsidiaries: amalgamation of Rajdhani Petrochemicals (RPPL) into GSP Crop Science, and demerger of the manufacturing arm of GSP Intermediates (GIPL) into GSP Crop Science. RPPL had net worth of INR 6453.73 lakh and income of INR 12450.90 lakh. GSP Crop Science had net worth of INR 73446.6 lakh. Demerged arm turnover was INR 2825.94 lakh. Appointed date is April 1, 2026. No new shares issued, no cash consideration, no change in shareholding. All entities are in agrochemical business. Aims to streamline structure and achieve synergies.

Likely market impact

Streamlining of corporate structure with no share dilution. Subject to NCLT and other approvals. Synergies expected over time.