Receipt of Order of Hon''ble NCLT, Bengaluru Bench sanctioning the Scheme of Amalgamation of TAAL Tech India Pvt. Ltd. (Transferor Company) with TAAL Enterprises Limited ....
TAALTECH · price
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Awaiting price reaction for this filing.
The NCLT Bengaluru Bench has sanctioned the Scheme of Amalgamation merging TAAL Tech India Private Limited (wholly owned subsidiary) into TAAL Enterprises Limited (listed entity), with an appointed date of 1 April 2023. The NCLT order was passed on 21 May 2025 and uploaded on the tribunal's website on 26 May 2025. Since TAAL Tech India is a wholly owned subsidiary, no new shares will be issued to its shareholders, and the merger is essentially an internal consolidation. The amalgamation will become effective once the certified copy of the order is filed with the Registrar of Companies by both companies. TAAL Tech India has three foreign subsidiaries (USA, Switzerland, Austria), which will become direct subsidiaries of TAAL Enterprises post-merger. There are pending tax demands of around Rs 14.3 crore against TAAL Tech India, mostly disputed or under stay, which TAAL Enterprises has undertaken to settle if crystallized.
This is a routine internal restructuring — absorbing a wholly owned subsidiary into the listed parent — with no change in share capital or shareholder ownership. Shareholders are largely unaffected; the key action item is the upcoming filing with the RoC to make the scheme effective. No open offer trigger since no new shares are being issued.