NCLT Hyderabad allows amalgamation of Radhanga Industries into My Home Industries, dispensing with shareholder and creditor meetings.
The scheme consolidates land and assets for a greenfield cement project, with no share issuance as it's a wholly-owned subsidiary merger.
Transferee company My Home Industries has a net worth of ₹2,597.05 crores and will absorb all assets and liabilities of Radhanga Industries.
Approval obtained based on 98.98% consent from unsecured creditors and established legal precedents for similar amalgamation structures.