Savita Oil Technologies Limited has informed the Exchange about Scheme of Arrangement
SOTL · price
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Savita Oil Technologies Limited (SOTL) has filed a scheme of amalgamation to merge its wholly-owned subsidiary Savita GreenTec Limited (SGL) into itself. The Board approved this scheme on May 7, 2026, with the appointed date set as April 1, 2026. Since SGL is 100% owned by SOTL, there will be no new share issuance as consideration. The rationale includes streamlining operations, reducing administrative costs, achieving economies of scale, and consolidating complementary businesses under one entity. SGL's small share capital of Rs. 1 lakh will be cancelled, and all assets, liabilities, employees, and licenses will transfer to SOTL. The scheme requires NCLT approval before becoming effective.
This amalgamation is expected to reduce overheads and improve operational efficiency for SOTL shareholders. Since it involves a wholly-owned subsidiary, there is no dilution of shareholder value or open offer requirement. The consolidation of similar business operations may benefit earnings through cost savings and synergies.