Picado Home Décor Demerger Scheme Sanctioned by NCLT

NCLT Mumbai sanctioned a demerger scheme for Picado Home Décor Private Limited, splitting its business into three separate entities.
The demerger transfers Real Estate, Printing & Dyeing, and Retail Trading businesses to three newly formed resulting companies.
Shareholders will receive 1 share in each resulting company for every 100 shares held in the demerged entity.
The scheme was approved with undertakings for tax, GST, and regulatory compliance, effective from Appointed Date 01.04.2026.