NCLT Approves Baldor Technologies-GETUPFORCHANGE Services Amalgamation

NCLT Mumbai approves amalgamation scheme of GETUPFORCHANGE Services into wholly-owned parent Baldor Technologies.
Scheme effective from April 1, 2025, aims to achieve operational synergies and cost rationalization through consolidation.
No share issuance required as Baldor already holds 100% of GETUPFORCHANGE; tribunal dispenses with shareholder/creditor meetings.
Companies directed to serve notices to regulatory authorities including ROC, Income Tax, and Central Government.