NCLT Mumbai Approves Mascot Dynamics-Amrut Energy Amalgamation

NCLT Mumbai sanctioned the amalgamation of Amrut Energy with Mascot Dynamics, effective from Appointed Date 01.07.2025.
Transferee Company to issue 59,08,243 equity shares to Transferor Company shareholders at 4,831.28:1,000 exchange ratio.
Regional Director raised no objections after company addressed observations on fees, charges, and statutory compliance.
Scheme aims to achieve operational synergies and diversification into solar pump business for Mascot Dynamics.