Honasa Consumer Limited has informed the Exchange about Amalgamation/Merger and the order passed by NCLT Chandigarh Bench.
HONASA · price
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Honasa Consumer (parent of Mamaearth, The Derma Co, BBlunt, Aqualogica, Ayuga) has received NCLT Chandigarh's order dated May 8, 2025, approving the second motion petition for the Scheme of Amalgamation. Under this scheme, two of its wholly-owned subsidiaries — Fusion Cosmeceutics Private Limited (skin care products) and Just4Kids Services Private Limited (multilingual content platform) — will merge into Honasa Consumer. The appointed date for the merger is May 1, 2023. No objections were raised by the Regional Director, Income Tax Department, or Official Liquidator. The scheme is still pending approval from the NCLT Delhi bench, after which certified copies must be filed with the Registrar of Companies for the merger to become effective.
Since both merging entities are wholly-owned subsidiaries, this is a streamlined internal consolidation with no share-swap impact for Honasa shareholders. It simplifies the group structure, absorbs a loss-making content subsidiary and a skin care subsidiary into the listed parent, and could marginally affect net worth and tax obligations going forward.