NCLT Mumbai sanctions scheme for demerger of Divya Global Private Limited's Printing & Dyeing and Real Estate businesses into two separate companies.
Shareholders to receive 1 equity share in each resulting company for every 100 shares held in Divya Global, maintaining mirror image shareholding.
Regional Director raises no objection after company addresses all observations on accounting standards, tax compliance, and regulatory requirements.
Demerger aims to create focused management for textile and real estate businesses, enabling independent growth and investor choice.