NCLT Chandigarh approves first motion for Shahi Exports' composite scheme involving demerger of apparel business into Shahi Garments.
Scheme includes amalgamation of Shahi Knits and HSA Apparel with resulting company for operational consolidation and management efficiency.
Tribunal directs meetings for secured and unsecured creditors of three companies while dispensing shareholder meetings due to unanimous consent.
Appointed date set for April 1, 2026 with 1:1 share exchange ratio for Shahi Exports shareholders in demerged entity.