Ventura Guaranty Limited hereby submits the copy of the order uploaded by the Hon''ble NCLT on its website in connection with the scheme of merger by absorption between Kashmira Investment ....
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Ventura Guaranty Limited (VGL), a listed NBFC and holding company for Ventura Securities, informed BSE that the NCLT Mumbai Bench has uploaded its order approving the scheme of merger by absorption of Kashmira Investment and Leasing Private Limited (KILPL) into VGL. VGL currently holds 10.06% in KILPL, and both are RBI-registered non-deposit-taking NBFCs with overlapping business activities. The NCLT order was delivered on 4 September 2025, following board approvals in June 2024, RBI approval on 25 October 2024, and a BSE observation letter on 6 December 2024. The appointed date for the merger is 1 April 2024. The scheme will formally take effect only after certified copies of the NCLT order are filed with the Registrar of Companies and other conditions are fulfilled. KILPL's NBFC license will be surrendered to the RBI post-merger, reducing the number of NBFC entities in the group.
This is a group-level restructuring that consolidates two related NBFCs into a single entity, expected to bring operational synergies, cut compliance costs, and simplify the corporate structure. The merger is between related parties and unlikely to trigger an open offer, so direct impact on VGL shareholders should be limited beyond modest long-term efficiency gains.