Thermax Limited's merger with Buildtech Products India Pvt Ltd approved by NCLT
Thermax · Electrical Equipment
Key highlights
- NCLT Mumbai Bench approved Scheme of Merger by Absorption of Buildtech into Thermax on June 2, 2026
- Buildtech is a wholly owned subsidiary of Thermax, engaged in construction chemicals business
- Scheme effective upon filing of NCLT order with Registrar of Companies, Pune; no shares issued or consideration paid
Why it's rated notable: The NCLT order sanctions the absorption of Buildtech, a wholly owned subsidiary, with no consideration paid and no shares issued, so the filing states no value and the level stays at medium.
Original filing
Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - NCLT Approval Received For Scheme Of Merger
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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.