Sanco Industries Limited has informed the Exchange regarding 'Disclosure under Regulation 30 and 42 of Securities Exchange Board of India (Listing Obligation and Disclosure Requirement Regulation, 2015
Awaiting price reaction for this filing.
Sanco Industries Limited has announced a Record Date of June 5, 2026 for issuance and allotment of equity shares to stakeholders of Sanco Industries Limited (Amalgamated). This is pursuant to a Resolution Plan that was approved by NCLT New Delhi on December 18, 2025. The company, formerly known as Carewell Exim Private Limited, underwent Corporate Insolvency Resolution Process starting September 2022. The Resolution Plan submitted by Ms. Priti Jain was approved by Committee of Creditors with 100% voting share. The transferor company Sanco Industries Limited has amalgamated with the transferee company, which subsequently converted to a public limited company and received a fresh Certificate of Incorporation dated May 14, 2026.
Shareholders of the amalgamated company will receive equity shares on the basis of this record date. This filing marks the completion of a lengthy insolvency resolution process and formalises the merger structure, which is a significant positive development for stakeholders.