The Company has considered the proposal and in principally approved entering into a Scheme of Amalgamation.
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The board of Signature Green Corporation Limited (formerly Sagar Soya Products Limited) has given in-principle approval for a Scheme of Amalgamation to merge its wholly-owned subsidiary Arvind Foods Limited (AFL) into itself. Since AFL is 100% owned by SGCL, no share exchange ratio applies — the entire share capital of AFL will simply stand cancelled and SGCL will not issue any new equity shares, meaning there will be no change in SGCL's shareholding pattern. Both companies operate in similar food, soybean, and edible oil businesses; the merger aims to consolidate operations, cut administrative costs, and create synergies. For FY25, both entities reported nil turnover, with SGCL's net worth at ₹1,279.96 lakhs and AFL's at ₹93.72 lakhs. The board also approved setting up a Corporate Restructuring Committee, appointing a SEBI-registered merchant banker for a fairness opinion, and finalising the appointed date. The scheme remains subject to NCLT, SEBI, and other regulatory approvals.
Since this is a merger of a wholly-owned subsidiary with no new shares issued and no change in shareholding, the direct financial impact on existing shareholders is minimal. The stock is unlikely to see a major reaction, but the deal still needs regulatory and NCLT clearances before it becomes effective.