Intimation under regulation 30 of SEBI (LODR), for approval of first motion of amalgamation of Tritonvalves Climatech Private limited with Triton Valves limited as per the attached order.
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 Bengaluru bench has approved the first motion of the proposed amalgamation of Tritonvalves Climatech Private Limited (wholly-owned subsidiary) with Triton Valves Ltd on 28 August 2025. The first motion petition was originally filed on 7 January 2025, and the Board had approved the scheme on 4 September 2023. Because the transferor is a wholly-owned subsidiary and no new shares will be issued, the Tribunal dispensed with meetings of equity shareholders, secured creditors and unsecured creditors of both companies. The scheme involves no capital reduction or CDR. Statutory auditors Deloitte Haskins & Sells LLP confirmed the accounting treatment is compliant with applicable Ind AS. Triton Valves has around 5,826 equity shareholders, 3 secured creditors (Rs 71.92 crore) and 339 unsecured creditors (Rs 34.22 crore) as per the order. The company will now proceed to file the second motion petition for final NCLT approval.
This is a simplifying internal merger of a wholly-owned subsidiary into the listed parent, with no share issuance or dilution, so there is no direct material impact on shareholders' value or holdings. Investors should note the scheme still needs NCLT's second motion approval and other statutory clearances before it becomes effective; until then, ownership and voting rights remain unchanged.