NCLT Mumbai sanctions amalgamation of PlatinumOne Distribution Services and PlatinumOne Wealth Managers into Platinum Power Wealth Advisors.
Share exchange ratio set at 31 Transferee Co. shares for every 1000 Transferor Co. No. 2 shares; no issuance for wholly-owned subsidiary.
Scheme effective from appointed date April 1, 2024, aimed at operational rationalization and cost efficiency.
Regional Director's observations addressed via undertakings on accounting standards, stamp duty, and regulatory compliance.