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The Scheme of Amalgamation between Smartlink Holdings Limited and its wholly owned subsidiary, Synegra EMS Limited, has been formalized and is now effective. The National Company Law Tribunal (NCLT) approved the merger, and the necessary filings were made with the Registrar of Companies.
As a result, the authorized equity share capital of ₹25 crore of Smartlink has merged with that of Synegra, increasing the latter's total authorized share capital to ₹32 crore. This development marks a strategic move to streamline operations and enhance financial efficiency within the group, positioning them for future growth opportunities. The changes in share capital may also affect investor sentiment positively, as the merger signifies a consolidation of resources and capabilities. Investors should watch this development closely for its potential benefits.