Windsor Machines Limited has informed the Exchange about General Updates on Intimation of Effectiveness of the Scheme of Amalgamation and submission of the Amended Memorandum of Association of the Company.
WINDMACHIN · price
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Windsor Machines Limited has completed the merger of its wholly owned subsidiary Global CNC Private Limited into itself, with the scheme becoming effective on March 31, 2026 after the NCLT Ahmedabad order dated March 19, 2026 was filed with the Registrar of Companies. Since Global CNC is a 100% subsidiary, no shares were issued and no consideration was exchanged — the merger is purely a structural consolidation. The appointed date for the merger is April 1, 2025. For FY25, Global CNC had revenue of Rs. 18,307.34 lakhs and profit before tax of Rs. 2,093.61 lakhs, while Windsor Machines had revenue of Rs. 32,759.85 lakhs and profit before tax of Rs. 423.56 lakhs. The company's Memorandum of Association has been amended to reflect the merged entity's expanded share capital and objects. The Income Tax Department had raised concerns about potential misuse of carry-forward capital losses of Windsor Machines, but the NCLT sanctioned the scheme, clarifying that tax authorities can independently assess tax implications later.
This is an internal group restructuring with no change in shareholding or share capital for existing shareholders of Windsor Machines — the consolidated entity will simply absorb the subsidiary's business and assets. Net worth of Windsor Machines is expected to increase post-merger, with operational synergies and reduced compliance costs. Shareholders should see no dilution or immediate price impact, though the combined business now has a stronger profit profile from Global CNC's CNC/VMC manufacturing segment.