15-Oct-2026 17:02:56
PHOENIXLTDAcquisition and merger
PHOENIX MILLS : AMALGAMATES STEP-DOWN SUBSIDIARY TRUEVALUE INFRABUILD INTO SGH REALTY
• Boards of SGH Realty (subsidiary) and Truevalue Infrabuild (step-down subsidiary) approved the Scheme of Amalgamation on October 15, 2026 • TVIB to merge into SGH Realty on a going concern basis under Sections 230 to 233 of the Companies Act, 2013 • No cash consideration or new share issuance; entire paid-up capital of TVIB to stand cancelled as it is a wholly owned subsidiary of SGH • SGH Realty net worth ₹111.40 Cr and turnover ₹106.39 Cr as on September 30, 2026; TVIB turnover nil • Scheme subject to Regional Director / NCLT and other statutory approvals • No change in shareholding pattern of Phoenix Mills as the amalgamation is between its subsidiaries
The Phoenix Mills Ltd
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