The company petition CAA-5 has been admitted for hearing before Hon''ble NCLT-Hyderabad bench.
Price
▲ 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 Limited has informed the BSE that its Second Motion Petition (Form CAA-5) has been admitted for hearing by the NCLT Hyderabad bench. The petition relates to the proposed Scheme of Amalgamation between Narbada Gems & Jewellery Limited and Uday Jewellery Industries Limited. The matter is expected to be listed for hearing shortly. The company has committed to updating the exchange on further developments. This is a procedural milestone in the corporate merger process and does not constitute insolvency proceedings.
For retail investors, this is a routine step forward in the proposed merger with Narbada Gems & Jewellery; the amalgamation is still subject to NCLT approval and final hearing outcomes, so there is no immediate change in shareholding or business operations.