Honasa Consumer Limited has informed the Exchange about Amalgamation/Merger and the order passed by NCLT New Delhi Bench
HONASA · price
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On the reaction day the stock moved 1.8 pts less than Nifty Smallcap 250 and 0.6 pts less than its Personal Care peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Honasa Consumer Limited (Mamaearth, The Derma Co., BBlunt, Aqualogica, Ayuga) has received NCLT New Delhi approval on June 3, 2025, for its scheme of amalgamation, following a similar order from NCLT Chandigarh on May 8, 2025. Under the scheme, two wholly-owned subsidiaries—Fusion Cosmeceutics (skin care products) and Just4Kids Services (multilingual content platform)—will be merged into the listed parent company. The appointed date is May 1, 2023. No new shares will be issued to public shareholders since both transferor firms are entirely owned by Honasa. The scheme becomes effective only after certified NCLT orders are filed with the Registrar of Companies. Post-merger net worth of Honasa is stated at approximately Rs 1,054.75 crore (as of Dec 31, 2023, unaudited).
This is a routine internal restructuring with no share dilution or change in ownership for existing shareholders. The subsidiaries' past cash losses are already reflected in Honasa's consolidated books, so the merger has no material impact on the stock price. Shareholders may see marginal benefits from simplified corporate structure, cost efficiencies, and easier cash management over time.