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.
Thacker and Company Limited has received approval from NCLT Mumbai Bench (order dated 01st May 2025) for the merger by absorption of its wholly owned subsidiary Fujisan Technologies Limited into itself. Since Fujisan is a wholly owned subsidiary, no new shares will be issued — the existing share capital of the Transferor Company will simply stand cancelled upon the scheme becoming effective. The appointed date is 01st April 2022. The merger is expected to bring operational efficiencies, reduce duplication of compliance costs, and consolidate entities. 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). The Income Tax Department has already given its NOC.
Shareholders should see no change in shareholding or dilution since this is an internal restructuring — a wholly owned subsidiary is being absorbed without issuing any new shares. The merger simplifies the group structure and may reduce overheads and compliance costs going forward, but there is no direct share-price catalyst associated with this event.