Sunteck Realty Limited has informed the Exchange about further update with respect to Scheme of Amalgamation ( Scheme ) of Starlight Systems Private Limited ( Starlight ) and Satguru Infocorp Services Private Limited ( Satguru ) (Wholly Owned Subsidiaries) (collectively referred to as the Transferor Companies ) with Sunteck Realty Limited and their respective shareholders.
SUNTECK · price
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Sunteck Realty has informed the exchange of a further update on its Scheme of Amalgamation, under which its two wholly owned subsidiaries — Starlight Systems Private Limited and Satguru Infocorp Services Private Limited — are being merged into the parent company. The NCLT Mumbai order dated 27 February 2025 approving the scheme contained a typographical error, incorrectly stating the appointed date as 14 December 2024 instead of the correct 14 December 2023. A rectified NCLT order dated 30 April 2025 has now been received, confirming the correct appointed date. The scheme itself became effective on 25 April 2025, and the two transferor companies have been dissolved without winding up, ceasing to be part of the promoter and promoter group of the company.
This is a procedural clarification and does not change the substance of the already-effective amalgamation. For shareholders, there is no fresh action required — the merger of the two wholly owned subsidiaries into Sunteck Realty stands completed, and the stock price is unlikely to react materially to this clerical correction.