Please find enclosed herewith announcement under reg 30 of SEBI (LODR) Reg, 2015.
SALASAR · price
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The National Company Law Tribunal (NCLT), Kolkata Bench-II has sanctioned the Scheme of Amalgamation of EMC Limited (Transferor Company) with Salasar Techno Engineering Limited (Transferee Company). This approval follows an earlier approval from the NCLT Allahabad Bench. The Appointed Date for the merger is October 23, 2024. Upon filing the certified copy of the NCLT order with the Registrar of Companies, Kolkata, EMC Limited will be dissolved without winding up. The company is in the process of obtaining the certified copy of the order.
The approval from both NCLT benches clears the final regulatory hurdle for this amalgamation, enabling Salasar Techno Engineering to consolidate EMC Limited's operations and assets. This consolidation may create synergies and expand the company's business footprint, which is generally positive for shareholders.