Key Details
Symbol (NSE): SHREEPUSHK
Corporate Action: Withdrawal of a previously approved Scheme of Amalgamation.
Record Date: Not Specified
Nature of Scheme: Amalgamation (now withdrawn).
Entities Involved:
- Transferor Company / First Applicant Company: Madhya Bharat Phosphate Private Limited
- Transferee Company / Second Applicant Company: Kisan Phosphates Private Limited
- Parent Company: Shree Pushkar Chemicals & Fertilisers Limited (both are its wholly-owned subsidiaries)
Demerged Company: Not Applicable.
Resulting Company: Not Applicable.
Share Entitlement Ratio: Not Specified (Scheme withdrawn).
Implied Capital Structure Impact: Not Specified (Scheme withdrawn).
Post-Allotment Listing Plan: Not Specified (Scheme withdrawn).
Regulatory and Approval Status:
- The Scheme was previously approved by the subsidiaries and intimated to the exchanges on 20th December 2024.
- The Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, has now allowed the withdrawal of the Scheme.
- The application for the Scheme (C.P(CAA)174(MB)2025) was dismissed as withdrawn.
- The order was passed on 21st September 2026 and made available on the NCLT website (nclt.gov.in) on 30th September 2026.
- The stock exchanges were formally intimated of this development on 1st October 2026.
Effective Date: Not Specified.
Financial Rationale for Withdrawal: The withdrawal was requested by the counsel for the applicant companies and allowed by the NCLT due to "Commercial Reasons". No further details on the specific rationale were disclosed.
Impact on Shareholders: The primary impact is the non-occurrence of the proposed corporate action. The capital structure and ownership of Shree Pushkar Chemicals & Fertilisers Ltd and its subsidiaries remain unchanged.