JB Chemicals & Pharmaceuticals Limited has informed regarding Disclosure under Regulation 30 in relation to Scheme of Amalgamation
JBCHEPHARM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
JB Chemicals & Pharmaceuticals has informed that the NCLT Ahmedabad Bench has uploaded its order on March 23, 2026, regarding the first motion application for the proposed amalgamation of JB Chemicals (Transferor Company) with Torrent Pharmaceuticals (Transferee Company). This is a continuation of the company's earlier intimation dated June 29, 2025. The scheme of amalgamation between the two pharma companies is progressing through the NCLT approval process. The next steps would involve shareholder and creditor approvals before the final order.
Positive for shareholders as the merger moves closer to completion, potentially unlocking value through Torrent's larger platform. However, share price may remain range-bound until final NCLT approval, swap ratio confirmation, and completion timelines are clearer.