Umang Dairies Limited has informed the Exchange about Amalgamation/Merger
Awaiting price reaction for this filing.
The NCLT-sanctioned Scheme of Arrangement between Umang Dairies Limited (UDL), Panchmahal Properties Limited (PPL), and Bengal and Assam Company Limited (BACL) has become effective from June 17, 2025. Under the scheme, the Dairy Business of UDL will demerge into PPL (renamed Umang Dairies Limited), and the residual UDL will amalgamate into BACL. Shareholders of UDL will receive 1 equity share of BACL (face value ₹10) for every 9 equity shares held in UDL (face value ₹5). The Record Date for determining eligible shareholders has been fixed as Friday, June 27, 2025. The Appointed Date for the scheme is April 1, 2023. The scheme was approved by 99.99% of equity shareholders and 100% of unsecured creditors of UDL.
Existing UDL shareholders will receive BACL shares in exchange for their UDL holdings at a ratio of 1:9. The Dairy Business will continue under a renamed PPL, while UDL will cease to exist as a standalone listed entity post-amalgamation. Shareholders should expect share entitlement credits based on the June 27, 2025 Record Date.