Walery Security merges into i3 Security; amalgamation scheme effective

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

MERCANTILE · price

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₹24.05

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AI summary

Amalgamation of subsidiary Walery Security Management Ltd with i3 Security Pvt Ltd (wholly owned subsidiary) has become effective from 22 Aug 2026, after NCLT Division Bench-II Chennai sanctioned the scheme on 23 Jul 2026. Form INC-28 was filed with RoC Chennai on the effective date. Walery Security will dissolve without winding up. Appointed date is 01 Jan 2024. No change in Mercantile Ventures shareholding pattern.

Likely market impact

Internal restructuring between two subsidiaries with no change in listed company shareholding. Neutral impact on shareholders of Mercantile Ventures.