Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Hon''ble NCLT, Mumbai Bench vide their order dated ....
THACKER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The NCLT Mumbai Bench, via order dated 1st May 2025, has sanctioned the Scheme of Merger by Absorption of Fujisan Technologies Limited (Transferor Company) into Thacker and Company Limited (Transferee Company), with an appointed date of 1st April 2022. Fujisan Technologies is a wholly owned subsidiary of Thacker, so no new shares of Thacker will be issued; the shares of Fujisan held by Thacker will stand cancelled upon effectiveness. The scheme will become effective once the certified copy of the NCLT order is filed with the Registrar of Companies, Mumbai (within 30 days of receipt). Thacker is a BSE-listed company (Scrip Code: 509945) engaged in real estate and financial activities, while Fujisan operates in computers and electronics. The merger aims to consolidate entities, reduce overheads, and simplify compliance.
For shareholders, this is largely a procedural consolidation since Fujisan is a wholly owned subsidiary — no share swap, no dilution, and no change in the shareholding pattern of Thacker. The merger should streamline operations and cut compliance costs but is unlikely to have a material impact on the stock price or shareholder value in the near term.