Intimation of Ho''nble NCLT, Kolkata Bench order approving the scheme of amalgmation in respect of Intellectual Securities Private Limited (''Transferor Company 3''), Happy Graphics and ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The National Company Law Tribunal (NCLT), Kolkata Bench, has approved the Scheme of Amalgamation bringing 9 private companies into Nimbus Projects Ltd with an appointed date of 1st April 2022. The transferor companies include Gupta Fincaps, Urvashi Finvest, Intellectual Securities, Happy Graphics and Exhibition, Link Vanijya, Dynamo Infracon, Pushpak Trading & Consultancy, Mokha Vyapaar, and Padma Estates. Notably, three of the transferors (Intellectual Securities, Padma Estates, and Mokha Vyapaar) are RBI-registered NBFCs. All assets, liabilities, employees, and legal proceedings of these entities will now transfer to Nimbus Projects. The Delhi NCLT Bench had already approved the scheme on 25th February 2025, and the share exchange ratio was fixed by a registered valuer. A certified copy of the Kolkata order is awaited.
This is a significant consolidation move for Nimbus Projects Ltd as it absorbs 9 group entities, which could streamline operations, reduce overheads, and strengthen its asset base including NBFC businesses. Shareholders should watch for share allotment details and next steps in the formal dissolution and asset transfer process over the coming weeks.