Gokaldas Exports Amalgamates BRFL Textiles via NCLT Scheme

NCLT Mumbai approves scheme for amalgamation of BRFL Textiles Private Limited into listed entity Gokaldas Exports Limited.
Shareholders offered 40 Gokaldas shares or 30 shares plus ₹8,952.50 cash per 3,581 BRFL shares as consideration.
Meetings dispensed with for BRFL shareholders and secured creditors due to obtained consents exceeding 90%.
Gokaldas directed to convene meetings for its equity shareholders and unsecured creditors to approve the scheme.