NCLT Mumbai Bench issued order dated April 8, 2026, directing Pradeep Metals to convene equity shareholder meeting for approving amalgamation with Nami Capital.
BSE Limited granted in-principle approval for the scheme on July 15, 2025, with no adverse observations on the proposed amalgamation structure.
Scheme rationale includes simplification of group structure, reduction of legal entities, improved capital allocation, and creation of larger asset base for combined entity.
NCLT appointed meeting chairperson and scrutinizer, dispensed with meetings for transferor company shareholders and secured creditors due to 100% consents obtained.