NCLT Allahabad allows first motion application for demerger of Shri Ram Solvent Extractions into two separate food businesses.
Demerger transfers Frozen Vegetable Division to Shri Ram Freezofresh and Frozen Ready-to-Eat Division to Kook Indi Foods.
Tribunal dispenses with all shareholder and creditor meetings due to 100% written consents from all parties.
Scheme involves specific share exchange ratios and requires notices to MCA, FSSAI, and Income Tax authorities.