Mahanagar Gas Limited has informed the Exchange about the Effective Date of the Scheme of Amalgamation
MGL · price
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Mahanagar Gas Limited (MGL) has completed the merger of its wholly owned subsidiary, Unison Enviro Private Limited (UEPL), into itself. The scheme was approved by the NCLT Mumbai Bench via order dated July 9, 2025, and the certified copy of the order was filed with the Registrar of Companies, Mumbai on August 16, 2025, making this the Effective Date. As a result, UEPL stands amalgamated into and dissolved within MGL without being wound up. MGL's authorized share capital is now Rs. 280 crore, divided into 28 crore equity shares of Rs. 10 each. Since UEPL was a wholly owned subsidiary, no share swap ratio or open offer is required.
This is a routine internal restructuring that simplifies the corporate structure by merging a wholly owned subsidiary into the parent. There is no change in shareholding pattern, no dilution, and no cash outflow for shareholders. The impact on the stock price is expected to be neutral.