Ram Ratna Wires Limited has informed the Exchange that the Hon ble National Company Law Tribunal, Mumbai Bench ( Hon ble Tribunal ) on May 29, 2025, pronounced the Order, approving the Scheme of Amalgamation ( Order ), and intimation of the pronouncement of the Order was received by the Transferee Company on Thursday, May 29, 2025. Enclosed herewith is the copy of the Order.
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The National Company Law Tribunal (NCLT), Mumbai Bench has pronounced its order on May 29, 2025, approving the Scheme of Amalgamation involving Ram Ratna Wires Limited as the Transferee Company. The intimation of the order was received by the company on the same day. The company has enclosed a copy of the NCLT order with the filing. As the Transferee Company, Ram Ratna Wires will absorb the Transferor Company under the approved scheme. No further details on swap ratio or financials of the merging entity were disclosed in this filing.
This is a positive development as it clears a key regulatory milestone for the amalgamation, paving the way for the merger to be completed in due course. Shareholders should await further updates on the swap ratio, record date, and effective date of the scheme.