CIE Automotive India: NCLT allows application on merger of wholly owned subsidiary
CIE Automotive · Auto Components
What the filing says
- NCLT Mumbai order dated 24.09.2026 allowed CA(CAA)-115/MB/2026 on the Scheme to absorb CIE Aluminium Casting India Limited into the Company, with directions; the certified copy is awaited
- Meetings of shareholders and unsecured creditors are dispensed with; notices go out with a 30 day window for representations, and no new shares are issued
- Appointed Date is 01.04.2026; Transferee net worth is Rs.43,75,27,89,772 pre-merger and Rs.44,69,50,43,410 post-merger (provisional)
Why it's rated notable: merger demerger is always high
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.