NCLT Approves Sashwat-Shapoorji Pallonji Amalgamation

NCLT Mumbai sanctions amalgamation of Sashwat Energy into Shapoorji Pallonji with appointed date of 1st April 2024.
Transferor company Sashwat Energy had negative net worth of ₹37,166 lakhs as of 31.03.2024.
Scheme aims to achieve operational synergies, rationalize corporate structure and reduce compliance overheads.
Regional Director's observations addressed through undertakings on accounting standards, tax compliance and stakeholder protection.