Key Details
Symbol (NSE): BELDING
Corporate Action: Scheme of Amalgamation (Merger by Absorption) - Postponed/Kept in Abeyance
Record Date: Not Specified
Nature of Scheme: Amalgamation by way of Merger by Absorption
Entities Involved:
- Transferor Company: DC&T Global Private Limited
- Transferee Company: Belding India Limited
Demerged Company: Not Applicable (amalgamation scheme)
Resulting Company: Not Specified
Share Entitlement Ratio: Not Specified
Implied Capital Structure Impact: Not Specified
Post-Allotment Listing Plan: Not Specified
Regulatory and Approval Status:
- Draft Scheme of Amalgamation between DC&T Global Private Limited and Belding India Limited and their respective Shareholders and Creditors
- Board of Directors meeting held on November 03, 2026 approved keeping the scheme in abeyance
- No NCLT approval status disclosed
- No shareholder approval status disclosed
- No SEBI/Stock Exchange observations disclosed
Effective Date: Not Specified
Financial Rationale:
The Board decided to keep the Draft Scheme in abeyance after considering commercial and operational aspects of the proposed transaction and growth opportunities available with DC&T. The amalgamation at this stage could have an operational impact on the opportunities available to DC&T.
Impact on Shareholders:
The company states the scheme suspension has no impact, financial or otherwise, on the operations of Belding India Limited or DC&T Global Private Limited. The company will reconsider the proposed transaction at an appropriate time.
Additional Details:
- Original intimation made on July 30, 2026 under Regulation 30 of SEBI Listing Regulations
- Board meeting commenced at 09:30 PM (IST) on November 03, 2026 and concluded at 12:50 AM (IST) on November 04, 2026
- Company CIN: L63119PN1984PLC248366