Ind-Swift Laboratories Limited has informed the Exchange about Scheme of Arrangement
INDSWFTLAB · price
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The NCLT Chandigarh Bench has sanctioned the Scheme of Arrangement for the amalgamation of Ind-Swift Limited (Transferor) into Ind-Swift Laboratories Limited (Transferee). The appointed date is March 31, 2024, and the scheme will become effective on August 8, 2025, when the E-Form INC-28 is filed. A record date of August 14, 2025 has been fixed to identify shareholders of Ind-Swift Limited who will be allotted shares of Ind-Swift Laboratories. Post-amalgamation, Ind-Swift Limited will stand dissolved without winding up, and the authorised share capital of Ind-Swift Laboratories will rise to Rs. 140 crore (11.5 crore equity shares of Rs. 10 each and 25 lakh cumulative redeemable preference shares of Rs. 100 each).
Existing shareholders of Ind-Swift Laboratories may see dilution as new shares are issued to Ind-Swift Limited's shareholders. The merger consolidates the two group entities, which could streamline operations and potentially improve financials, but investors should watch the share allotment ratio and post-merger shareholding pattern.