NCLT Mumbai Bench grants first motion approval for a composite scheme of demerger and amalgamation involving Schenker India, DSV Contract Logistics, and DSV Air & Sea.
The scheme demerges Schenker India's contract logistics business into DSV Contract Logistics and amalgamates its remaining business into DSV Air & Sea.
Shareholder and creditor meetings dispensed with as 100% shareholders and over 90% of unsecured creditors by value provided consent affidavits.
Appointed date set as April 1, 2026, with consideration of 6,524 preference shares for every 10 equity shares in the demerger.