Disclosure U/R 30 of SEBI LODR Reg.2015 - Update on Scheme of Amalgamation
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Uday Jewellery Industries Limited has filed the First Motion Application with the NCLT Hyderabad Bench on April 29, 2025, for its proposed Scheme of Amalgamation with Narbada Gems & Jewellery Limited. The Board of Directors had already approved the scheme on September 16, 2024, and the company received the BSE observation letter on March 20, 2025. Filing the First Motion Application is the next formal step in the NCLT approval process for the merger.
This is a procedural milestone in the amalgamation process and does not change the operational status of the company. Shareholders should watch for further updates on NCLT approvals, share swap ratio, and any open offer obligations that may arise once the scheme advances.