Intimation regarding allowance of first motion petition by the Hon ble National Company Law Tribunal ( NCLT ), Allahabad for the merger of Pakka Impact Limited with Pakka Limited, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
PAKKA · price
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Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Allahabad has allowed the first motion petition filed for the merger of Pakka Impact Limited into Pakka Limited. Allowance of the first motion is the initial procedural step in the merger process under the Companies Act, after which the petition will proceed to the next stage involving shareholder and creditor approvals, and ultimately a final NCLT sanction. The disclosure has been made under SEBI Listing Regulations, 2015. Further updates will follow as the merger progresses through subsequent legal stages.
This is a routine procedural milestone in the merger process and generally positive for shareholders as it signals forward movement, though the merger remains subject to further regulatory, shareholder, and creditor approvals before becoming effective.