Amalgamation/Merger
Amalgamation/Merger
Tilaknagar Industries Limited has informed the Exchange that the Board at its Meeting today i.e. Friday, May 29, 2026, has inter-alia considered and approved, subject to the receipt of requisite approval, consents and sanctions, the Scheme of Amalgamation under Section 230 to 232 and other applicable provisions of the Companies Act, 2013 read with relevant rules framed thereunder, for amalgamation of two wholly owned subsidiaries of Tilaknagar Industries Limited ( TIL or the Company or Transferee Company ), viz., (i) Punjabexpo Breweries Private Limited; and (ii) Vahni Distilleries Private Limited (collectively referred to as the Transferor Companies and individually as the Transferor Company ) with TIL ( the Scheme of Amalgamation ).
Tilaknagar Industries Limited has informed the Exchange that the Board at its Meeting today i.e. Friday, May 29, 2026, has inter-alia considered and approved, subject to the receipt of requisite approval, consents and sanctions, the Scheme of Amalgamation under Section 230 to 232 and other applicable provisions of the Companies Act, 2013 read with relevant rules framed thereunder, for amalgamation of two wholly owned subsidiaries of Tilaknagar Industries Limited ( TIL or the Company or Transferee Company ), viz., (i) Punjabexpo Breweries Private Limited; and (ii) Vahni Distilleries Private Limited (collectively referred to as the Transferor Companies and individually as the Transferor Company ) with TIL ( the Scheme of Amalgamation ).