Vipul Limited has informed the Exchange about General Updates
VIPULLTD · price
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Vipul Limited informed exchanges that the NCLT New Delhi Bench (Court-II) held a hearing on June 10, 2025 regarding the Scheme of Amalgamation of its five wholly-owned subsidiaries (Abhipra Trading Pvt Ltd, Graphic Research Consultants India Pvt Ltd, United Buildwell Pvt Ltd, Vineeta Trading Pvt Ltd, and Vipul Eastern Infracon Pvt Ltd) into Vipul Limited. The Tribunal granted the Income Tax Department one last opportunity to file its report within one week, after which the IT Department's right to file a report will be considered closed. The matter is now listed for the next hearing on August 5, 2025. The scheme has not yet been approved or rejected; the proceedings are still at the stage of waiting for the IT Department's response.
No immediate impact on shareholders as the amalgamation scheme is still pending NCLT approval. The next hearing on August 5, 2025 will be a key milestone to watch for potential approval, which would simplify the corporate structure by merging five subsidiaries into the parent.