NCLT Ahmedabad sanctions Scheme of Amalgamation merging JB Chemicals & Pharmaceuticals Limited with Torrent Pharmaceuticals Limited effective January 21, 2026.
Scheme approved by equity shareholders with 99.02% public shareholder approval and received no objection from regulatory authorities after addressing observations.
Transferee company undertakes to preserve records, pay all statutory dues including outstanding tax demands, and comply with FEMA, RBI, and Income Tax provisions.
Order specifies dissolution of transferor company without winding up and transfer of all assets, liabilities, and employees to Torrent Pharmaceuticals.