Press release on second motion application filed on 04.09.2025.
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Awaiting price reaction for this filing.
Uday Jewellery Industries Limited has filed a joint Second Motion Petition before the NCLT Hyderabad Bench for the proposed amalgamation of Narbada Gems and Jewellery Limited with itself. The scheme had already received approval from the equity shareholders of both companies as directed by the NCLT in its First Motion Order. Once the NCLT approves the Second Motion Petition, the scheme will become effective under the Companies Act, 2013. The company states the amalgamation aims to combine strengths, improve operational efficiencies, broaden market reach, and deliver long-term value to stakeholders.
This is a positive structural development that brings the merger closer to completion, potentially expanding Uday Jewellery's scale and synergies. Shareholders should expect further updates as NCLT approval progresses, with the effective date likely to drive near-term stock activity.