Newspaper Publication of Notice of hearing of Petition under section 230-232 of the Companies Act, 2013 for the scheme of Arrangement for Amalgamation of Narbada Gems and Jewellery Limited(Transferor ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Uday Jewellery Industries Ltd has published a notice in the Financial Express (English) and Namaste Telangana (Telugu) on 31.10.2025 about a petition filed before the NCLT Hyderabad for a scheme of amalgamation under Sections 230-232 of the Companies Act, 2013. The scheme involves the amalgamation of Narbada Gems and Jewellery Limited (Transferor Company) with Uday Jewellery Limited (Transferee Company), along with related entities. The NCLT, via its order dated 26.09.2025, directed the publication, and the next date of hearing is fixed for 17.11.2025 at the NCLT Hyderabad Bench. A separate meeting of equity shareholders has been convened on 14.11.2025, where shareholders can vote on or raise objections to the scheme. The filing has been signed by Ritesh Kumar Sanghi, Managing Director (DIN: 00628033), under SEBI LODR Regulation 30.
This is a procedural disclosure and does not have an immediate impact on share price. However, if the NCLT approves the scheme, it could result in a restructuring of the company, potentially affecting shareholding patterns and the company's consolidated financials. Shareholders should watch the 14.11.2025 meeting closely to understand the swap ratio and any dilution implications.