NCLT Mumbai sanctions demerger of Weikfield Foods' Fresh Mushroom & Organic Manure Division into Eco Valley Farms.
Scheme involves transfer of assets worth ₹172.51 crore and liabilities of ₹63.42 crore as of 1 April 2024.
Shareholders to receive 100 Eco Valley shares for every 1052 Weikfield shares held, based on valuer's swap ratio.
Order clarifies tax authorities retain rights to examine scheme for potential tax avoidance post-implementation.