National Company Law Tribunal directs vote on merger of two wholly owned companies
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The National Company Law Tribunal allowed Shish Industries' merger of wholly owned Shish Polylam and Shish Global Solutions, effective 1 April 2026 if approved. Its 28,853 shareholders and 226 unsecured creditors will vote by video conference on 15 December 2026. The scheme still needs shareholder and unsecured creditor approval plus final court approval. No new shares are proposed, so ownership will not change. It may cut costs.
The merger may cut costs and simplify operations, but approval is pending. No new shares are planned; the next key event is the 15 December vote.