Welspun Living Limited has informed the Exchange about Sanction of the Scheme by the NCLT, Hyderabad Bench
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The NCLT Hyderabad Bench has approved the Scheme of Amalgamation on May 08, 2025, following the earlier approval by the NCLT Ahmedabad Bench on April 25, 2025. Under the scheme, Welspun Home Solutions Limited (a wholly owned subsidiary) will merge into Welspun Advanced Materials (India) Limited (another wholly owned subsidiary of Welspun Living). Both entities are wholly owned subsidiaries within the Welspun group, so this is a purely internal group restructuring. The scheme has become effective from May 08, 2025, with an appointed date of April 01, 2024, meaning the merger is treated as if it happened from April 1, 2024 for accounting purposes.
Since both merging entities are wholly owned subsidiaries of Welspun Living, there is no change in shareholding pattern and no impact on shareholders. The move simply streamlines the group's corporate structure by eliminating a redundant layer.