Placid Limited amalgamated with Maharaja Shree Umaid Mills Limited effective 25 April 2026 per NCLT order.
MSUM's direct shareholding increased to 43.34% from 3.92% by acquiring Placid's 39.43% stake.
MSUM became holding company with 51.66% aggregate stake including indirect interest via Kiran Vyapar.
Disclosure made under SEBI LODR Regulations regarding promoter group restructuring.