S.J.S. Enterprises Limited has informed the Exchange about the approval of Scheme of Amalgamation between subsidiaries of the company by the ROC.
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S.J.S. Enterprises announced that the Scheme of Amalgamation between its step-down subsidiary Plastoranger Advanced Technologies Private Limited (Transferor) and material subsidiary Walter Pack Automotive Products India Private Limited (Transferee) has become effective. The scheme, originally initiated in November 2023, was approved by the Regional Director, Western Region, MCA on February 24, 2026, under Section 233 of the Companies Act, 2013. The RoC confirmed the approval on March 14, 2026, via filing of e-Form INC-28. The appointed date of the scheme is April 1, 2025, meaning the merger is effective retrospectively from that date for financial purposes.
This is an internal restructuring move consolidating two subsidiaries into one, which should streamline operations and simplify the group's structure. It is unlikely to have a material direct impact on the listed entity's share price, as no equity issuance, open offer, or change in shareholding of S.J.S. Enterprises is involved.