Sanction of Scheme of Amalgamation between Crestia Polytech Private Limited and Aditya Poly Industries Private Limited and Aditya Polytechnic Private Limited and Prabhu Sainath Polymers ....
M&A
● No Immediate Change
MEDIUM RISK
📅 Filed on BSE: 11 Mar 2026, 12:05 PM IST · BSE ID: 8e17fb4f-1833-4581-bf78-b31297d420b3
View Original BSE Filing (PDF)
🤖 AI Summary
- The National Company Law Tribunal (NCLT), Kolkata approved on March 10, 2026 the Scheme of Amalgamation whereby five private companies—Crestia Polytech Private Limited, Aditya Poly Industries Private Limited, Aditya Polytechnic Private Limited, Prabhu Sainath Polymers Private Limited, and Topline Industries Private Limited—will merge with BirlaNu Limited (formerly HIL Limited). All assets, property, rights, debts, liabilities and obligations of the five transferor companies will be transferred to and vested in BirlaNu Limited. The Scheme becomes effective once the certified copy of the NCLT order is filed with the respective Registrar of Companies.
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Filing of certified NCLT order copy with Registrar of Companies (Patna and Hyderabad)
Effective date of Scheme of Amalgamation post-ROC filing
Subsequent regulatory disclosures regarding asset transfer and integration
MEDIUM RISK
Scheme approval is obtained but effectiveness is conditional on ROC filing completion; no financial viability metrics or debt details are disclosed in the available filing text.
⚖️ Strengths & Concerns
✅ Positives
- NCLT approval obtained from Division Bench, Kolkata on March 10, 2026
- Meetings of shareholders and creditors were dispensed with by order dated July 23, 2025
- All relevant statutory and sectoral/regulatory authorities were served notice as required
- Scheme filed with BSE and NSE in compliance with SEBI LODR Regulation 37(6)
⚠️ Concerns
- Scheme effectiveness still pending filing of certified NCLT order copy with Registrar of Companies
- Filing text is truncated and incomplete—full scheme details and financial implications not fully available
📅 Company Track Record
BirlaNu Limited was formerly known as HIL Limited.
Based on publicly available historical data. For context only.