NCLT Mumbai Bench sanctions Scheme of Amalgamation between Kargwal Constructions Private Limited and Kean Construction Private Limited under Sections 230-232 of Companies Act 2013.
Transferor company Kargwal to dissolve without winding up; transferee Kean to issue 1 equity share for each Kargwal share held as consideration.
Scheme aims to achieve operational synergies in construction and infrastructure business with appointed date of 1st October 2024.
Regional Director and Official Liquidator reports confirm no objections to Scheme with petitioner undertakings on statutory compliance.