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M M Forgings Limited's Board of Directors has approved a modified scheme of amalgamation, consolidating its wholly-owned subsidiary, DVS Industries Private Limited, with itself. The scheme aims to streamline operations due to overlapping business activities, ensuring efficient resource utilization and operational synergies. There will be no consideration payable since DVS is wholly owned. Following the successful execution of the scheme, the Transferor Company will be dissolved without any winding up, simplifying corporate structure and compliance obligations while enhancing overall operational efficiency. This strategic move is expected to benefit shareholders and creditors alike.