23-Sept-2026 16:29:23
SHISHINDAcquisition and merger
SHISH INDUSTRIES LTD: AMALGAMATION APPROVED
• Board approves composite scheme of amalgamation of wholly-owned subsidiaries Shish Polylam Private Limited and Shish Global Solutions Private Limited with the company. • Scheme subject to statutory, regulatory, and governmental approvals, including NCLT sanction. • No new shares to be issued by the Transferee Company; no change in shareholding pattern. • Rationale includes organizational rationale, operational and financial synergies, enhanced value, competitiveness, and growth. • Transaction not considered a related party transaction as it is between a holding company and its wholly-owned subsidiaries.
Shish Industries Ltd
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