Please find Enclosed herewith, copy of Intimation for filing of INC-28 in respect of Scheme of Arrangement between Narbada Gems & Jewellery Limited (Transferor) and Uday Jewellery Industries Limited
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Awaiting price reaction for this filing.
The Scheme of Arrangement for amalgamation of Narbada Gems and Jewellery Limited (Transferor) with Uday Jewellery Industries Limited (Transferee) has become effective from February 19, 2026, following filing of e-form INC-28 with the Registrar of Companies. The NCLT Hyderabad Bench had earlier approved the scheme, and as of the effective date, Narbada Gems stands amalgamated into and dissolved within Uday Jewellery Industries. All assets and liabilities of the transferor company now vest in Uday Jewellery Industries, and the authorized share capital of the company has automatically increased to Rs. 47.5 crore, divided into 4.75 crore equity shares of Rs. 10 each.
This is a significant consolidation event for shareholders — Narbada Gems ceases to exist as a separate entity, with all its business, assets, and liabilities now part of Uday Jewellery Industries, potentially expanding scale and market presence. Shareholders should expect changes in shareholding structure and an increase in authorized capital; pending allotment, the stock may see movement based on the swap ratio and integration outlook.