Tradex Polymers Demerger Approved by NCLT Ahmedabad

NCLT Ahmedabad sanctions demerger scheme transferring Tradex Polymers' polymer business undertaking to Trend Plastpouchpack effective April 1, 2025.
Income Tax Department notes outstanding demand of ₹74,052 against demerged company and ₹6.5 crore carried forward losses in resulting company.
Regional Director and Registrar of Companies require compliance with securities rules, accounting standards, and statutory filings post-demerger.
Scheme approval conditional on tax compliance, with Income Tax Department reserving right to examine tax avoidance post-implementation.