Polycab India Limited has informed the Exchange that the Hon ble National Company Law Tribunal, Ahmedabad Bench ( Hon ble NCLT ), has pronounced the Order, approving the scheme of Amalgamation of Uniglobus Electricals and Electronics Private Limited ( Wholly owned Subsidiary ) with Polycab India Limited
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The National Company Law Tribunal (NCLT), Ahmedabad Bench, has approved the scheme of amalgamation of Uniglobus Electricals and Electronics Private Limited, a wholly-owned subsidiary of Polycab, with Polycab India Limited itself. Since Uniglobus is fully owned by Polycab, this is an internal restructuring with no change in the parent company's shareholding pattern or promoter holding. The scheme will become effective once the certified copy of the NCLT order is filed with the Registrar of Companies, Ahmedabad. The merger is being carried out under Sections 230-232 of the Companies Act, 2013.
This is a routine internal consolidation that simplifies the corporate structure and may reduce compliance costs. There is no impact on shareholders in terms of share issuance, dilution, or change in ownership — purely a paperwork-driven restructuring step.