NCLT Kolkata Approves Four-Company Amalgamation into BUEPL

NCLT Kolkata sanctions scheme amalgamating Nirmalkunj Barter, Ramashray Distributors, RKG Infra Projects, and SRK Awas into Bakshiram Uderam Exports effective April 1, 2024.
All shareholder and creditor meetings were dispensed with due to 100% consent via affidavits, and regulatory authorities raised no substantive objections.
The amalgamation aims to achieve operational efficiency, reduce compliance costs, and create a larger consolidated entity under common management.
The Transferee Company undertakes to pay stamp duties on asset transfers and comply with all post-merger statutory filings within 60 days.